California First Leasing Corp Has $1.60 Million Stake in British American Tobacco p.l.c. (NYSE:BTI) (2024)

California First Leasing Corp lowered its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 61.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,500 shares of the company's stock after selling 84,200 shares during the period. California First Leasing Corp's holdings in British American Tobacco were worth $1,601,000 at the end of the most recent reporting period.

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Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in British American Tobacco by 5.8% during the third quarter. Stifel Financial Corp now owns 554,070 shares of the company's stock worth $17,403,000 after purchasing an additional 30,238 shares during the period. SG Americas Securities LLC boosted 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 during the period. QRG Capital Management Inc. bought a new stake in shares of British American Tobacco in the third quarter valued at approximately $4,036,000. Belpointe Asset Management LLC bought a new stake in shares of British American Tobacco in the third quarter valued at approximately $1,487,000. Finally, ICICI Prudential Asset Management Co Ltd boosted its position in shares of British American Tobacco by 40.1% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company's stock valued at $40,834,000 after acquiring an additional 399,359 shares during the period. Institutional investors and hedge funds own 21.44% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a research report on Monday, May 6th.

Get Our Latest Stock Report on BTI

British American Tobacco Stock Down 2.0 %

Shares of British American Tobacco stock traded down $0.62 during trading on Thursday, reaching $30.74. The company's stock had a trading volume of 4,214,767 shares, compared to its average volume of 4,770,458. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $34.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. The stock has a 50-day moving average price of $30.04 and a two-hundred day moving average price of $30.18.

About British American Tobacco

(Free Report)

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.

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