British American Tobacco (NYSE:BTI) Hits New 12-Month High - What's Next?

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.10 and last traded at $42.03, with a volume of 747388 shares traded. The stock had previously closed at $41.76.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Up 0.5 %

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's 50 day moving average is $37.56 and its 200-day moving average is $36.81.

Institutional Investors Weigh In On British American Tobacco

Several institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock valued at $7,599,000 after buying an additional 54,555 shares in the last quarter. SG Americas Securities LLC boosted its stake in British American Tobacco by 45.3% in the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock valued at $1,681,000 after acquiring an additional 14,432 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company's stock valued at $4,824,000 after purchasing an additional 26,863 shares during the last quarter. Cerity Partners LLC boosted its position in shares of British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock valued at $2,419,000 after purchasing an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position 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 buying an additional 554,491 shares during the period. 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.