Avantra Family Wealth Inc. Invests $686,000 in British American Tobacco p.l.c. (NYSE:BTI)

Avantra Family Wealth Inc. bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,878 shares of the company's stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTI. Oppenheimer Asset Management Inc. increased its stake in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock worth $7,599,000 after purchasing an additional 54,555 shares in the last quarter. SG Americas Securities LLC boosted its holdings in British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock valued at $1,681,000 after purchasing an additional 14,432 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in British American Tobacco by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock worth $4,824,000 after buying an additional 26,863 shares during the period. Cerity Partners LLC raised its position in shares of British American Tobacco by 89.6% during the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock worth $2,419,000 after purchasing an additional 31,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after purchasing an additional 554,491 shares during the period. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 2.0 %

BTI traded up $0.82 on Wednesday, reaching $41.05. 4,106,813 shares of the company traded hands, compared to its average volume of 4,247,632. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $41.16. The stock's 50 day moving average price is $37.25 and its 200-day moving average price is $36.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BTI. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.

British American Tobacco Profile

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.