Connor Clark & Lunn Investment Management Ltd. Buys 554,491 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Connor Clark & Lunn Investment Management Ltd. increased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3,153.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 572,077 shares of the company's stock after purchasing an additional 554,491 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in British American Tobacco were worth $20,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BTI. Mather Group LLC. lifted its stake in shares of British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company's stock worth $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC lifted its position in shares of British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after buying an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock valued at $45,000 after buying an additional 753 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of British American Tobacco in the 1st quarter worth approximately $46,000. Finally, Bruce G. Allen Investments LLC raised 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. 21.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BTI shares. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Morgan Stanley cut 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. Finally, StockNews.com lowered British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th.

British American Tobacco Stock Up 0.4 %

NYSE:BTI opened at $37.08 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $36.02 and a 200-day simple moving average of $34.29. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

British American Tobacco 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.

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