Park Place Capital Corp Sells 7,792 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Park Place Capital Corp reduced its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 91.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 738 shares of the company’s stock after selling 7,792 shares during the quarter. Park Place Capital Corp’s holdings in British American Tobacco were worth $27,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its holdings in British American Tobacco by 12.3% during the fourth quarter. Atomi Financial Group Inc. now owns 26,244 shares of the company’s stock worth $953,000 after purchasing an additional 2,881 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in shares of British American Tobacco by 5.5% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 27,438 shares of the company’s stock valued at $997,000 after purchasing an additional 1,437 shares during the period. Ballentine Partners LLC raised its position in shares of British American Tobacco by 8.0% in the fourth quarter. Ballentine Partners LLC now owns 11,853 shares of the company’s stock valued at $431,000 after purchasing an additional 880 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of British American Tobacco by 12.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 13,360 shares of the company’s stock valued at $485,000 after purchasing an additional 1,490 shares during the period. Finally, Ameritas Advisory Services LLC increased its holdings in British American Tobacco by 21.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 12,045 shares of the company’s stock worth $437,000 after acquiring an additional 2,146 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Trading Up 1.2 %

Shares of BTI opened at $37.02 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The stock has a market capitalization of $81.79 billion, a P/E ratio of 7.40 and a beta of 0.52. The firm has a fifty day simple moving average of $36.85 and a two-hundred day simple moving average of $36.13.

Analyst Ratings Changes

BTI has been the topic of a number of analyst reports. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Finally, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Company 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.