Flagship Harbor Advisors LLC lifted its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 72.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,435 shares of the company’s stock after buying an additional 1,857 shares during the period. Flagship Harbor Advisors LLC’s holdings in British American Tobacco were worth $203,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. NuWave Investment Management LLC purchased a new stake in shares of British American Tobacco during the second quarter valued at $143,000. Assetmark Inc. boosted its position in shares of British American Tobacco by 44.6% during the second quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock valued at $157,000 after buying an additional 962 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of British American Tobacco by 84.5% during the third quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $146,000 after buying an additional 1,435 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of British American Tobacco during the second quarter valued at $182,000. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of British American Tobacco during the second quarter valued at $211,000. 7.69% of the stock is currently owned by institutional investors.
BTI stock opened at $41.75 on Friday. British American Tobacco PLC has a fifty-two week low of $41.48 and a fifty-two week 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. The stock has a market capitalization of $96.24 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.48 and a beta of 0.96.
Several equities research analysts recently commented on the company. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. DZ Bank reaffirmed a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. UBS Group cut British American Tobacco from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Sanford C. Bernstein assumed coverage on British American Tobacco in a research report on Tuesday, October 16th. They set a “market perform” rating on the stock. Finally, Jefferies Financial Group set a $66.00 target price on British American Tobacco and gave the company a “buy” rating in a report on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $73.00.
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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.
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