Havemeyer Place LP Purchases New Position in British American Tobacco p.l.c. $BTI

Havemeyer Place LP acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,426 shares of the company’s stock, valued at approximately $590,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. increased its holdings in shares of British American Tobacco by 1,386.7% during the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after buying an additional 416 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of British American Tobacco during the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC grew its position in British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares during the last quarter. Binnacle Investments Inc increased its holdings in British American Tobacco by 163.2% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after purchasing an additional 465 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in British American Tobacco in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTI. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research report on Monday. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Trading Up 0.1%

NYSE BTI opened at $59.80 on Tuesday. The business’s 50-day moving average price is $60.14 and its two-hundred day moving average price is $59.05. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 12 month low of $46.38 and a 12 month high of $67.30.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.