Park Place Capital Corp Reduces Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Park Place Capital Corp cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 18.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,369 shares of the company’s stock after selling 2,845 shares during the period. Park Place Capital Corp’s holdings in British American Tobacco were worth $377,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of British American Tobacco by 1,466.5% in the fourth quarter. SG Americas Securities LLC now owns 98,812 shares of the company’s stock valued at $2,894,000 after acquiring an additional 92,504 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $1,487,000. ICICI Prudential Asset Management Co Ltd boosted its position in shares of British American Tobacco by 40.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock worth $40,834,000 after acquiring an additional 399,359 shares during the last quarter. GAMMA Investing LLC grew its position in shares of British American Tobacco by 79.3% during the first quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after purchasing an additional 922 shares in the last quarter. Finally, FMR LLC boosted its stake in British American Tobacco by 40.7% during the third quarter. FMR LLC now owns 1,497,162 shares of the company’s stock valued at $47,026,000 after buying an additional 433,252 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 0.5 %

NYSE:BTI opened at $31.08 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The business has a 50 day simple moving average of $30.71 and a 200-day simple moving average of $30.17. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $34.28.

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.

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.