British American Tobacco (NYSE:BTI) Hits New 1-Year High - What's Next?

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.94 and last traded at $39.93, with a volume of 27272 shares changing hands. The stock had previously closed at $39.74.

Wall Street Analysts Forecast Growth

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

British American Tobacco Trading Up 2.3 %

The stock has a 50-day simple moving average of $37.25 and a two-hundred day simple moving average of $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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BTI. Duncker Streett & Co. Inc. grew its stake in British American Tobacco by 43.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock worth $45,000 after purchasing an additional 374 shares during the period. US Bancorp DE increased its stake in shares of British American Tobacco by 1.1% in the 4th quarter. US Bancorp DE now owns 76,684 shares of the company's stock worth $2,785,000 after acquiring an additional 870 shares in the last quarter. Fisher Asset Management LLC boosted its stake in British American Tobacco by 34.3% during the fourth quarter. Fisher Asset Management LLC now owns 46,609 shares of the company's stock worth $1,693,000 after acquiring an additional 11,914 shares in the last quarter. Fielder Capital Group LLC grew its holdings in British American Tobacco by 18.7% in the fourth quarter. Fielder Capital Group LLC now owns 10,323 shares of the company's stock worth $375,000 after purchasing an additional 1,629 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of British American Tobacco by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock worth $7,121,000 after purchasing an additional 17,478 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

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.