Range Financial Group LLC Invests $1.44 Million in British American Tobacco p.l.c. (NYSE:BTI)

Range Financial Group LLC bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 39,647 shares of the company's stock, valued at approximately $1,440,000.

A number of other hedge funds have also recently made changes to their positions in BTI. Versant Capital Management Inc purchased a new stake in shares of British American Tobacco during the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV boosted its stake in 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 valued at $45,000 after purchasing an additional 753 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company's stock worth $48,000 after purchasing an additional 748 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company's stock worth $65,000 after purchasing an additional 1,351 shares during the last quarter. Finally, City State Bank lifted its holdings in shares of British American Tobacco by 26.6% during the third quarter. City State Bank now owns 1,905 shares of the company's stock valued at $70,000 after purchasing an additional 400 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Stock Performance

Shares of NYSE:BTI traded down $0.19 during trading on Tuesday, hitting $36.78. The company's stock had a trading volume of 2,714,528 shares, compared to its average volume of 2,543,405. 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 firm has a market cap of $81.27 billion, a price-to-earnings ratio of 7.68 and a beta of 0.52. The company has a 50-day moving average of $36.63 and a 200-day moving average of $35.81. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Morgan Stanley downgraded shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd. Finally, StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

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.