Eagle Asset Management Inc. Makes New $672,000 Investment in British American Tobacco p.l.c. (NYSE:BTI)

Eagle Asset Management Inc. acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,981 shares of the company's stock, valued at approximately $672,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 26,863 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of British American Tobacco by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 128,800 shares of the company's stock worth $4,712,000 after acquiring an additional 5,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 valued at $20,927,000 after acquiring an additional 554,491 shares during the last quarter. Prospera Private Wealth LLC raised its position in British American Tobacco by 2.3% during the third quarter. Prospera Private Wealth LLC now owns 18,961 shares of the company's stock valued at $694,000 after purchasing an additional 418 shares in the last quarter. Finally, West Family Investments Inc. purchased a new position in shares of British American Tobacco in the 3rd quarter worth about $234,000. Institutional investors own 21.44% of the company's stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Up 1.0 %

Shares of NYSE BTI traded up $0.38 during mid-day trading on Tuesday, hitting $37.71. The stock had a trading volume of 2,695,609 shares, compared to its average volume of 4,741,747. The business has a 50 day moving average price of $35.90 and a two-hundred day moving average price of $34.52. 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 quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.