Russell Investments Group Ltd. Has $6.53 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Russell Investments Group Ltd. reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,977 shares of the company's stock after selling 14,111 shares during the quarter. Russell Investments Group Ltd.'s holdings in British American Tobacco were worth $6,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of British American Tobacco in the 4th quarter worth approximately $27,000. Almanack Investment Partners LLC. acquired a new position in shares of British American Tobacco in the 3rd quarter worth approximately $25,000. Motco boosted its holdings in shares of British American Tobacco by 1,025.4% in the 4th quarter. Motco now owns 754 shares of the company's stock worth $30,000 after acquiring an additional 687 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in British American Tobacco during the 1st quarter worth $28,000. Finally, Ahrens Investment Partners LLC bought a new stake in shares of British American Tobacco during the 1st quarter valued at $30,000. 7.10% of the stock is owned by institutional investors and hedge funds.

BTI opened at $32.17 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.51. British American Tobacco p.l.c. has a 12 month low of $31.62 and a 12 month high of $42.36. The company has a fifty day simple moving average of $33.03 and a 200 day simple moving average of $34.79. The stock has a market cap of $64.85 billion, a P/E ratio of 6.37 and a beta of 0.55.

Separately, StockNews.com initiated coverage on shares of British American Tobacco in a research report on Thursday. They set a "buy" rating for the company.

Read Our Latest Analysis on BTI

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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.

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