Cerity Partners LLC Increases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Cerity Partners LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 89.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,130 shares of the company's stock after buying an additional 31,250 shares during the period. Cerity Partners LLC's holdings in British American Tobacco were worth $2,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nwam LLC purchased a new stake in British American Tobacco during the third quarter valued at $1,157,000. Citigroup Inc. grew its stake in shares of British American Tobacco by 35.0% during the 3rd quarter. Citigroup Inc. now owns 166,353 shares of the company's stock valued at $6,085,000 after purchasing an additional 43,098 shares during the period. Raymond James Trust N.A. increased its position in shares of British American Tobacco by 5.8% during the 3rd quarter. Raymond James Trust N.A. now owns 52,389 shares of the company's stock valued at $1,916,000 after purchasing an additional 2,862 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of British American Tobacco in the 3rd quarter worth approximately $672,000. Finally, 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 valued at $4,824,000 after buying an additional 26,863 shares during the period. 21.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

British American Tobacco Trading Down 0.6 %

Shares of BTI stock traded down $0.21 on Monday, hitting $37.73. 4,415,152 shares of the stock traded hands, compared to its average volume of 4,720,016. 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 firm has a 50 day simple moving average of $35.92 and a two-hundred day simple moving average of $34.67. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

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.