British American Tobacco (NYSE:BTI) Stock Price Down 2.3%

British American Tobacco p.l.c. (NYSE:BTI) traded down 2.3% during mid-day trading on Tuesday . The company traded as low as $38.43 and last traded at $38.44. 877,913 shares traded hands during trading, a decline of 82% from the average session volume of 4,826,324 shares. The stock had previously closed at $39.36.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average is $35.84 and its 200-day moving average is $32.32.

Hedge Funds Weigh In On British American Tobacco

Large investors have recently modified their holdings of the stock. Capital Research Global Investors raised its stake in British American Tobacco by 38.5% during the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after buying an additional 4,259,548 shares in the last quarter. Prevatt Capital Ltd bought a new position in British American Tobacco during the fourth quarter worth $23,432,000. Natixis Advisors LLC boosted its holdings in British American Tobacco by 29.9% in the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after purchasing an additional 614,634 shares during the period. Kize Capital LP acquired a new stake in shares of British American Tobacco during the second quarter worth $10,826,000. Finally, Gateway Investment Advisers LLC lifted its position in shares of British American Tobacco by 384.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after buying an additional 259,509 shares during the last quarter. Institutional investors own 21.44% of the company’s stock.

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.