Maverick Capital LTD Lowered Its British Amern Tob Plc (BTI) Stake as Shares Declined

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Maverick Capital Ltd decreased its stake in British Amern Tob Plc (BTI) by 4.62% based on its latest 2019Q2 regulatory filing with the SEC. Maverick Capital Ltd sold 106,684 shares as the company’s stock declined 6.22% . The hedge fund held 2.20 million shares of the farming and seeds and milling company at the end of 2019Q2, valued at $76.79 million, down from 2.31 million at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in British Amern Tob Plc for a number of months, seems to be less bullish one the $84.10B market cap company. The stock decreased 3.21% or $1.22 during the last trading session, reaching $36.77. About 1.54 million shares traded. British American Tobacco p.l.c. (NYSEMKT:BTI) has declined 34.70% since September 13, 2018 and is downtrending. It has underperformed by 34.70% the S&P500.

Maverick Capital Ltd, which manages about $14.71B and $6.90B US Long portfolio, upped its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) by 1.03 million shares to 4.24 million shares, valued at $307.37 million in 2019Q2, according to the filing. It also increased its holding in Lululemon Athletica Inc (NASDAQ:LULU) by 42,480 shares in the quarter, for a total of 124,390 shares, and has risen its stake in Dow Inc.

More notable recent British American Tobacco p.l.c. (NYSE:BTI) news were published by: Seekingalpha.com which released: “British American Tobacco: A Lucky Strike – Seeking Alpha” on March 20, 2018, also Seekingalpha.com with their article: “British American Tobacco Wildly Oversold, The Time To Buy Is Now! – Seeking Alpha” published on November 14, 2018, Seekingalpha.com published: “British American Tobacco – Classic Situation With More Reward Than Risk – Seeking Alpha” on January 11, 2019. More interesting news about British American Tobacco p.l.c. (NYSE:BTI) were released by: Finance.Yahoo.com and their article: “Stocks – U.S. Futures Near All Time-Highs as China Offers Trade Hopes – Yahoo Finance” published on September 12, 2019 as well as Fool.com‘s news article titled: “How to Invest in Tobacco Stocks – The Motley Fool” with publication date: August 13, 2019.

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