Brown Advisory Inc. Sells 3,000 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Brown Advisory Inc. decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,871 shares of the company’s stock after selling 3,000 shares during the period. Brown Advisory Inc.’s holdings in British American Tobacco were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BTI. Parkside Financial Bank & Trust lifted its position in shares of British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after buying an additional 710 shares in the last quarter. CoreFirst Bank & Trust lifted its position in shares of British American Tobacco by 297.1% in the third quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock worth $30,000 after buying an additional 707 shares in the last quarter. HBC Financial Services PLLC purchased a new stake in shares of British American Tobacco in the fourth quarter worth about $29,000. GAMMA Investing LLC purchased a new stake in shares of British American Tobacco in the fourth quarter worth about $34,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of British American Tobacco in the fourth quarter worth about $34,000. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Down 0.4 %

Shares of BTI stock opened at $30.62 on Monday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $34.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. The stock’s 50 day simple moving average is $30.05 and its two-hundred day simple moving average is $30.17.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

About British American Tobacco

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.