Savoir Faire Capital Management L.P. Increases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Savoir Faire Capital Management L.P. grew its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 590.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,520 shares of the company's stock after buying an additional 147,520 shares during the quarter. British American Tobacco accounts for 3.2% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 7th largest position. Savoir Faire Capital Management L.P.'s holdings in British American Tobacco were worth $6,311,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock worth $7,599,000 after acquiring an additional 54,555 shares in the last quarter. Bank of Montreal Can lifted its position in shares of British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company's stock worth $3,658,000 after purchasing an additional 23,626 shares in the last quarter. Atria Investments Inc boosted its stake in shares of British American Tobacco by 19.5% in the first quarter. Atria Investments Inc now owns 74,416 shares of the company's stock valued at $2,270,000 after purchasing an additional 12,150 shares during the period. Russell Investments Group Ltd. grew its holdings 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 in the last quarter. Finally, Auxier Asset Management lifted its holdings in British American Tobacco by 16.0% in the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company's stock worth $5,778,000 after buying an additional 25,800 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. StockNews.com downgraded British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Morgan Stanley lowered British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Finally, Barclays raised British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th.

British American Tobacco Trading Up 0.7 %

Shares of BTI traded up $0.25 during midday trading on Tuesday, hitting $36.93. The company had a trading volume of 3,244,459 shares, compared to its average volume of 4,786,843. The company's 50 day moving average price is $36.11 and its 200 day moving average price is $34.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

British American Tobacco Company 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.