Teachers Retirement System of The State of Kentucky Acquires 218,000 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Teachers Retirement System of The State of Kentucky raised its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 129.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,920 shares of the company's stock after acquiring an additional 218,000 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in British American Tobacco were worth $14,117,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BTI. FMR LLC lifted its stake in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock valued at $259,914,000 after acquiring an additional 2,868,675 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of British American Tobacco in the third quarter worth $28,183,000. Bridgewater Associates LP acquired a new stake in shares of British American Tobacco in the third quarter worth $27,118,000. Natixis Advisors LLC lifted its stake in shares of British American Tobacco by 29.9% in the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company's stock worth $82,501,000 after buying an additional 614,634 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of British American Tobacco by 3,153.0% in 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 last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BTI has been the subject of a number of analyst reports. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Morgan Stanley cut shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

BTI stock traded down $0.19 on Thursday, reaching $37.56. 2,596,823 shares of the company were exchanged, compared to its average volume of 4,733,374. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The stock's fifty day moving average price is $35.99 and its 200 day moving average price is $35.00. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

British American Tobacco Company 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.