British American Tobacco (NYSE:BTI) Stock Rating Lowered by StockNews.com

British American Tobacco (NYSE:BTI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

British American Tobacco Stock Performance

Shares of BTI stock traded up $0.14 during trading hours on Monday, hitting $29.95. 2,386,128 shares of the company’s stock were exchanged, compared to its average volume of 4,941,021. British American Tobacco has a 52 week low of $28.25 and a 52 week high of $35.85. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. The stock’s 50-day moving average is $29.77 and its 200-day moving average is $30.09.

Institutional Investors Weigh In On British American Tobacco

A number of hedge funds have recently added to or reduced their stakes in the stock. Intrust Bank NA lifted its position in British American Tobacco by 3.5% during the 4th quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock valued at $332,000 after purchasing an additional 380 shares during the period. Atria Wealth Solutions Inc. lifted its position in British American Tobacco by 1.6% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 23,906 shares of the company’s stock valued at $759,000 after purchasing an additional 382 shares during the period. Gallacher Capital Management LLC lifted its position in British American Tobacco by 3.8% during the 1st quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after purchasing an additional 402 shares during the period. Kennon Green & Company LLC lifted its position in British American Tobacco by 0.3% during the 3rd quarter. Kennon Green & Company LLC now owns 173,375 shares of the company’s stock valued at $5,446,000 after purchasing an additional 450 shares during the period. Finally, Moody National Bank Trust Division lifted its position in British American Tobacco by 6.3% during the 1st quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock valued at $238,000 after purchasing an additional 465 shares during the period. 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.