Quantbot Technologies LP Buys Shares of 54,950 British American Tobacco p.l.c. (NYSE:BTI)

Quantbot Technologies LP purchased a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 54,950 shares of the company's stock, valued at approximately $2,010,000.

A number of other large investors also recently added to or reduced their stakes in BTI. Mather Group LLC. raised its position in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company's stock worth $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC lifted its position in shares of British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after acquiring an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock worth $45,000 after acquiring an additional 753 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of British American Tobacco during the first quarter worth approximately $46,000. Finally, Bruce G. Allen Investments LLC raised its stake in British American Tobacco by 320.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company's stock valued at $65,000 after purchasing an additional 1,351 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of BTI remained flat at $37.94 during midday trading on Friday. The company's stock had a trading volume of 2,259,034 shares, compared to its average volume of 4,720,252. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $35.91 and a 200 day simple moving average of $34.57.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Barclays raised shares of British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.