Virtu Financial LLC Takes $3.74 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Virtu Financial LLC bought a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 102,285 shares of the company's stock, valued at approximately $3,742,000.

A number of other large investors have also added to or reduced their stakes in BTI. Oppenheimer Asset Management Inc. increased its position in shares of British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company's stock valued at $7,599,000 after purchasing an additional 54,555 shares during the last quarter. Bank of Montreal Can increased its holdings in British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company's stock valued at $3,658,000 after buying an additional 23,626 shares during the last quarter. Cerity Partners LLC raised its position in British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company's stock worth $2,419,000 after acquiring an additional 31,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% during the 3rd 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 period. Finally, Bridgewater Associates LP purchased a new stake in shares of British American Tobacco in the 3rd quarter worth $27,118,000. Institutional investors own 16.16% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BTI. Morgan Stanley lowered shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research report 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 report on Thursday, October 17th.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded down $0.26 during trading on Thursday, hitting $37.48. The stock had a trading volume of 2,033,626 shares, compared to its average volume of 4,730,612. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The firm's fifty day simple moving average is $35.99 and its 200-day simple moving average is $35.00. 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 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.