Candriam Luxembourg S.C.A. Has $763,000 Holdings in British American Tobacco PLC (BTI)

Candriam Luxembourg S.C.A. lessened its stake in shares of British American Tobacco PLC (NYSE:BTI) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,363 shares of the company’s stock after selling 2,852 shares during the period. Candriam Luxembourg S.C.A.’s holdings in British American Tobacco were worth $763,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gradient Investments LLC grew its holdings in British American Tobacco by 22.3% during the second quarter. Gradient Investments LLC now owns 38,595 shares of the company’s stock valued at $1,947,000 after purchasing an additional 7,049 shares during the last quarter. Cumberland Partners Ltd grew its holdings in British American Tobacco by 1.7% during the second quarter. Cumberland Partners Ltd now owns 114,075 shares of the company’s stock valued at $5,755,000 after purchasing an additional 1,948 shares during the last quarter. Cambiar Investors LLC grew its holdings in British American Tobacco by 1.7% during the third quarter. Cambiar Investors LLC now owns 3,536,865 shares of the company’s stock valued at $164,924,000 after purchasing an additional 58,775 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in British American Tobacco by 30.3% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,031 shares of the company’s stock valued at $4,189,000 after purchasing an additional 19,329 shares during the last quarter. Finally, Sawtooth Solutions LLC grew its holdings in British American Tobacco by 73.9% during the third quarter. Sawtooth Solutions LLC now owns 21,956 shares of the company’s stock valued at $1,024,000 after purchasing an additional 9,332 shares during the last quarter. Institutional investors own 7.54% of the company’s stock.

BTI has been the topic of several analyst reports. Jefferies Financial Group set a $66.00 price target on British American Tobacco and gave the company a “buy” rating in a report on Monday, September 17th. UBS Group downgraded shares of British American Tobacco from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Sanford C. Bernstein assumed coverage on shares of 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 downgraded shares of British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. British American Tobacco presently has an average rating of “Hold” and an average target price of $73.00.

Shares of British American Tobacco stock opened at $34.80 on Friday. The firm has a market capitalization of $73.71 billion, a PE ratio of 9.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81. British American Tobacco PLC has a 1 year low of $34.12 and a 1 year high of $71.44.

ILLEGAL ACTIVITY WARNING: “Candriam Luxembourg S.C.A. Has $763,000 Holdings in British American Tobacco PLC (BTI)” was originally published by WKRB News and is owned by of WKRB News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.wkrb13.com/2018/11/25/candriam-luxembourg-s-c-a-has-763000-holdings-in-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.

Further Reading: The risks of owning bonds

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.

Leave a Reply