CNB Bank Reduces Stake in British American Tobacco p.l.c. (NYSE:BTI)

CNB Bank decreased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 12.4% during the 4th quarter, HoldingsChannel reports. The fund owned 7,757 shares of the company’s stock after selling 1,096 shares during the quarter. CNB Bank’s holdings in British American Tobacco were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BTI. Versant Capital Management Inc purchased a new stake in shares of British American Tobacco in the 4th quarter valued at approximately $34,000. ORG Partners LLC lifted its holdings in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in British American Tobacco in the fourth quarter worth approximately $44,000. Creative Financial Designs Inc. ADV increased its stake in British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after purchasing an additional 748 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $36.17 on Friday. The business’s fifty day moving average price is $36.74 and its 200 day moving average price is $35.96. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTI. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.