18,133 Shares in British American Tobacco p.l.c. (NYSE:BTI) Purchased by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,133 shares of the company's stock, valued at approximately $663,000.

Several other hedge funds also recently made changes to their positions in BTI. Auxier Asset Management boosted its position in British American Tobacco by 6.9% during the third quarter. Auxier Asset Management now owns 199,596 shares of the company's stock valued at $7,301,000 after purchasing an additional 12,800 shares during the last quarter. Kize Capital LP raised its stake in shares of British American Tobacco by 12.9% during the 3rd quarter. Kize Capital LP now owns 395,000 shares of the company's stock worth $14,449,000 after purchasing an additional 45,000 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of British American Tobacco by 714.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 96,543 shares of the company's stock valued at $3,532,000 after buying an additional 84,689 shares during the last quarter. Bridgewater Associates LP acquired a new position in British American Tobacco during the third quarter worth $27,118,000. Finally, Townsquare Capital LLC raised its position in British American Tobacco by 39.4% during the third quarter. Townsquare Capital LLC now owns 19,980 shares of the company's stock worth $731,000 after acquiring an additional 5,646 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays raised shares of British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. StockNews.com downgraded British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley downgraded 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.

British American Tobacco Price Performance

Shares of BTI stock traded up $0.01 during midday trading on Wednesday, hitting $37.74. 3,031,580 shares of the company were exchanged, compared to its average volume of 4,742,317. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The firm's 50 day moving average price is $35.95 and its two-hundred day moving average price is $34.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

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.