Kize Capital LP increased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,000 shares of the company's stock after buying an additional 45,000 shares during the quarter. British American Tobacco accounts for approximately 16.9% of Kize Capital LP's holdings, making the stock its 3rd biggest holding. Kize Capital LP's holdings in British American Tobacco were worth $14,449,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock worth $7,599,000 after purchasing an additional 54,555 shares during the period. Bank of Montreal Can grew its stake in shares of British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company's stock worth $3,658,000 after acquiring an additional 23,626 shares during the last quarter. Atria Investments Inc increased its holdings in shares of British American Tobacco by 19.5% during the first quarter. Atria Investments Inc now owns 74,416 shares of the company's stock valued at $2,270,000 after acquiring an additional 12,150 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in British American Tobacco by 131.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company's stock valued at $85,000 after purchasing an additional 1,590 shares during the last quarter. Hedge funds and other institutional investors own 21.44% of the company's stock.
Wall Street Analysts Forecast Growth
BTI has been the topic of several analyst reports. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price 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 note on Tuesday, November 12th. Finally, Barclays raised British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th.
View Our Latest Stock Analysis on British American Tobacco
British American Tobacco Stock Up 1.0 %
Shares of BTI opened at $37.71 on Wednesday. The firm has a fifty day simple moving average of $35.90 and a two-hundred day simple moving average of $34.52. 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 p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54.
British American Tobacco Profile
(
Free Report)
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.
Further Reading
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