British American Tobacco p.l.c. $BTI Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 28.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,673 shares of the company’s stock after buying an additional 12,113 shares during the period. CenterBook Partners LP’s holdings in British American Tobacco were worth $2,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTI. TD Waterhouse Canada Inc. raised its stake in British American Tobacco by 217.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 94,068 shares of the company’s stock valued at $5,700,000 after buying an additional 64,408 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of British American Tobacco by 11.2% during the 2nd quarter. QRG Capital Management Inc. now owns 224,848 shares of the company’s stock valued at $13,887,000 after buying an additional 22,587 shares during the period. Bessemer Group Inc. boosted its stake in shares of British American Tobacco by 1,039.9% in the 1st quarter. Bessemer Group Inc. now owns 27,130 shares of the company’s stock worth $1,586,000 after buying an additional 24,750 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of British American Tobacco by 11.9% in the 1st quarter. Quantinno Capital Management LP now owns 398,397 shares of the company’s stock worth $23,294,000 after buying an additional 42,336 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its stake in shares of British American Tobacco by 64.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 116,920 shares of the company’s stock worth $6,360,000 after buying an additional 45,677 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 3.4%

Shares of BTI stock opened at $60.94 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12 month low of $52.06 and a 12 month high of $67.30. The company has a 50 day simple moving average of $57.02 and a two-hundred day simple moving average of $59.24.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BTI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of British American Tobacco in a research report on Monday, August 31st. Jefferies Financial Group reissued a “buy” rating on shares of British American Tobacco in a report on Wednesday, September 30th. Morgan Stanley reissued an “overweight” rating and issued a $68.10 target price on shares of British American Tobacco in a research report on Monday, September 7th. Royal Bank Of Canada restated a “sell” rating on shares of British American Tobacco in a research note on Friday, September 11th. Finally, UBS Group reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

British American Tobacco Company Profile

British American Tobacco p.l.c. is a multinational tobacco and nicotine company headquartered in London. Its business includes the manufacture and sale of cigarettes, other tobacco products and newer nicotine products. Its portfolio includes cigarette brands such as Dunhill, Lucky Strike and Pall Mall, as well as vaping, heated-tobacco and oral nicotine products sold under brands including Vuse, glo and Velo.

The company serves markets around the world, with operations spanning the Americas, Europe, Africa, the Middle East and Asia-Pacific.