Blue Fin Capital Inc. reduced its position in British American Tobacco PLC (NYSE:BTI) by 32.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,963 shares of the company’s stock after selling 3,416 shares during the period. Blue Fin Capital Inc.’s holdings in British American Tobacco were worth $325,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BTI. Bank of New York Mellon Corp raised its holdings in shares of British American Tobacco by 460,771.2% in the third quarter. Bank of New York Mellon Corp now owns 5,318,454 shares of the company’s stock valued at $248,001,000 after acquiring an additional 5,317,300 shares in the last quarter. Jane Street Group LLC grew its stake in British American Tobacco by 497.3% in the second quarter. Jane Street Group LLC now owns 1,895,166 shares of the company’s stock valued at $95,611,000 after purchasing an additional 1,577,899 shares during the last quarter. Gardner Russo & Gardner LLC grew its stake in British American Tobacco by 11,854.1% in the second quarter. Gardner Russo & Gardner LLC now owns 1,254,227 shares of the company’s stock valued at $63,421,000 after purchasing an additional 1,243,735 shares during the last quarter. Bank of Montreal Can grew its stake in British American Tobacco by 734.5% in the third quarter. Bank of Montreal Can now owns 489,791 shares of the company’s stock valued at $22,839,000 after purchasing an additional 431,098 shares during the last quarter. Finally, Aperio Group LLC grew its stake in British American Tobacco by 41.9% in the third quarter. Aperio Group LLC now owns 816,148 shares of the company’s stock valued at $38,057,000 after purchasing an additional 240,989 shares during the last quarter. Hedge funds and other institutional investors own 7.54% of the company’s stock.

BTI opened at $34.19 on Wednesday. British American Tobacco PLC has a 1 year low of $34.12 and a 1 year high of $71.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81.

Several equities analysts have issued reports on BTI shares. Jefferies Financial Group set a $66.00 target price on British American Tobacco and gave the company a “buy” rating in a research note on Monday, September 17th. UBS Group lowered British American Tobacco from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Sanford C. Bernstein started coverage on British American Tobacco in a research note on Tuesday, October 16th. They issued a “market perform” rating on the stock. Finally, Royal Bank of Canada lowered British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. British American Tobacco has an average rating of “Hold” and an average price target of $73.00.

COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2018/11/21/blue-fin-capital-inc-sells-3416-shares-of-british-american-tobacco-plc-bti.html.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

Read More: Yield Curve

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco PLC (NYSE:BTI).

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.