Marshall Wace LLP Grows Holdings in British American Tobacco PLC (BTI)

Marshall Wace LLP raised its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 527,169 shares of the company’s stock after purchasing an additional 117,937 shares during the period. Marshall Wace LLP’s holdings in British American Tobacco were worth $24,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in British American Tobacco by 2.9% during the 2nd quarter. Sterling Capital Management LLC now owns 33,253 shares of the company’s stock valued at $1,678,000 after purchasing an additional 948 shares during the period. Assetmark Inc. raised its position in shares of British American Tobacco by 44.6% in the 2nd quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock valued at $157,000 after acquiring an additional 962 shares during the period. OmniStar Financial Group Inc. raised its position in shares of British American Tobacco by 13.4% in the 2nd quarter. OmniStar Financial Group Inc. now owns 8,529 shares of the company’s stock valued at $430,000 after acquiring an additional 1,005 shares during the period. Wedbush Securities Inc. raised its position in shares of British American Tobacco by 25.8% in the 2nd quarter. Wedbush Securities Inc. now owns 4,976 shares of the company’s stock valued at $251,000 after acquiring an additional 1,021 shares during the period. Finally, Sigma Planning Corp raised its position in shares of British American Tobacco by 18.5% in the 2nd quarter. Sigma Planning Corp now owns 6,957 shares of the company’s stock valued at $351,000 after acquiring an additional 1,088 shares during the period. Institutional investors own 7.36% of the company’s stock.

NYSE BTI opened at $33.70 on Friday. British American Tobacco PLC has a 52-week low of $33.53 and a 52-week high of $71.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. The company has a market cap of $73.71 billion, a P/E ratio of 9.16 and a beta of 0.94.

A number of analysts recently weighed in on BTI shares. Jefferies Financial Group downgraded shares of British American Tobacco to a “buy” rating in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Sanford C. Bernstein started coverage on shares of British American Tobacco in a research report on Tuesday, October 16th. They issued a “market perform” rating on the stock. Royal Bank of Canada upgraded shares of British American Tobacco from an “underperform” rating to a “sector perform” rating in a research report on Thursday, November 29th. Finally, DZ Bank reiterated a “sell” rating on shares of British American Tobacco in a research report on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. British American Tobacco presently has a consensus rating of “Hold” and an average price target of $73.00.

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British American Tobacco Company Profile

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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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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