Entropy Technologies LP Acquires New Holdings in British American Tobacco p.l.c. $BTI

Entropy Technologies LP bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,495 shares of the company’s stock, valued at approximately $3,303,000.

Several other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of British American Tobacco by 35.2% in the 1st quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after buying an additional 7,270 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of British American Tobacco by 42.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after acquiring an additional 2,521 shares in the last quarter. Rhumbline Advisers lifted its position in British American Tobacco by 10.2% during the second quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after acquiring an additional 559 shares during the last quarter. Baird Financial Group Inc. boosted its stake in British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock valued at $703,000 after acquiring an additional 5,486 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after acquiring an additional 816 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 1.8%

Shares of NYSE BTI opened at $60.89 on Friday. The company has a 50 day simple moving average of $61.60 and a two-hundred day simple moving average of $59.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco p.l.c. has a 12 month low of $49.88 and a 12 month high of $67.30.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BTI. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. BTIG Research assumed coverage on shares of British American Tobacco in a research report on Tuesday. They issued a “buy” rating for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.