British American Tobacco p.l.c. $BTI Holdings Lifted by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 722,881 shares of the company’s stock after purchasing an additional 73,835 shares during the period. British American Tobacco accounts for 2.7% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Euro Pacific Asset Management LLC’s holdings in British American Tobacco were worth $39,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. M Holdings Securities Inc. purchased a new position in British American Tobacco in the third quarter valued at $234,000. Brighton Jones LLC lifted its holdings in British American Tobacco by 7.0% during the 3rd quarter. Brighton Jones LLC now owns 4,448 shares of the company’s stock worth $242,000 after buying an additional 291 shares during the last quarter. Ethic Inc. boosted its position in shares of British American Tobacco by 33.4% during the 3rd quarter. Ethic Inc. now owns 12,288 shares of the company’s stock worth $668,000 after acquiring an additional 3,075 shares in the last quarter. StoneX Group Inc. boosted its position in shares of British American Tobacco by 18.5% during the 3rd quarter. StoneX Group Inc. now owns 8,548 shares of the company’s stock worth $468,000 after acquiring an additional 1,336 shares in the last quarter. Finally, CenterBook Partners LP increased its holdings in shares of British American Tobacco by 28.5% in the 3rd quarter. CenterBook Partners LP now owns 54,673 shares of the company’s stock valued at $2,974,000 after acquiring an additional 12,113 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.1%

Shares of British American Tobacco stock opened at $60.94 on Monday. The firm’s fifty day simple moving average is $57.02 and its 200-day simple moving average is $59.24. British American Tobacco p.l.c. has a 12 month low of $52.06 and a 12 month high of $67.30. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. Royal Bank Of Canada reiterated a “sell” rating on shares of British American Tobacco in a research note on Friday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. SBG Securities upgraded shares of British American Tobacco to a “buy” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, November 2nd. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

British American Tobacco Profile

British American Tobacco p.l.c. is a multinational tobacco and nicotine company headquartered in London. Its business includes the manufacture and sale of cigarettes, other tobacco products and newer nicotine products. Its portfolio includes cigarette brands such as Dunhill, Lucky Strike and Pall Mall, as well as vaping, heated-tobacco and oral nicotine products sold under brands including Vuse, glo and Velo.

The company serves markets around the world, with operations spanning the Americas, Europe, Africa, the Middle East and Asia-Pacific.