Two Sigma Advisers LP Has $22.98 Million Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Two Sigma Advisers LP lowered its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 16.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,300 shares of the company's stock after selling 119,500 shares during the quarter. Two Sigma Advisers LP's holdings in British American Tobacco were worth $22,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTI. Mather Group LLC. grew its stake in British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company's stock valued at $37,000 after purchasing an additional 1,177 shares in the last quarter. Addison Advisors LLC grew its stake in 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 purchasing 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% during the 3rd 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 in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of British American Tobacco by 320.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company's stock worth $65,000 after acquiring an additional 1,351 shares in the last quarter. Finally, City State Bank boosted its stake in shares of British American Tobacco by 26.6% during the 3rd quarter. City State Bank now owns 1,905 shares of the company's stock worth $70,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company's stock.

British American Tobacco Stock Up 0.1 %

Shares of NYSE BTI traded up $0.02 during trading hours on Friday, hitting $37.80. 7,808,044 shares of the company's stock were exchanged, compared to its average volume of 3,592,550. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The company's 50-day moving average price is $35.90 and its 200-day moving average price is $34.86.

Analyst Ratings Changes

Several research firms have recently issued reports on BTI. Morgan Stanley downgraded British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. StockNews.com downgraded British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Barclays upgraded 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.