Two Sigma Advisers LP Raises Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Two Sigma Advisers LP raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 39.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 877,000 shares of the company’s stock after buying an additional 248,700 shares during the period. Two Sigma Advisers LP’s holdings in British American Tobacco were worth $31,853,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP raised its stake in British American Tobacco by 16.0% in the fourth quarter. Quantinno Capital Management LP now owns 152,262 shares of the company’s stock worth $5,530,000 after buying an additional 21,000 shares in the last quarter. Obermeyer Wealth Partners lifted its stake in shares of British American Tobacco by 1.8% in the 4th quarter. Obermeyer Wealth Partners now owns 38,163 shares of the company’s stock valued at $1,386,000 after purchasing an additional 663 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of British American Tobacco by 10.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 337,799 shares of the company’s stock valued at $12,269,000 after purchasing an additional 31,722 shares in the last quarter. Logan Capital Management Inc. grew its stake in British American Tobacco by 2.6% in the fourth quarter. Logan Capital Management Inc. now owns 130,776 shares of the company’s stock worth $4,750,000 after purchasing an additional 3,372 shares during the period. Finally, Greenline Partners LLC bought a new position in British American Tobacco in the fourth quarter worth $59,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $44.44 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market capitalization of $91.86 billion, a price-to-earnings ratio of 9.13 and a beta of 0.32. British American Tobacco p.l.c. has a one year low of $30.01 and a one year high of $44.78. The company’s 50-day moving average is $41.76 and its 200 day moving average is $39.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BTI shares. StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Finally, Bank of America assumed coverage on British American Tobacco in a research note on Wednesday, April 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

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.