StockNews.com upgraded shares of British American Tobacco (NYSE:BTI – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.
British American Tobacco Stock Performance
BTI opened at $35.02 on Friday. The stock’s 50-day moving average price is $32.14 and its 200 day moving average price is $30.78. British American Tobacco has a 12-month low of $28.25 and a 12-month high of $36.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.
Institutional Investors Weigh In On British American Tobacco
Hedge funds have recently bought and sold shares of the stock. Atria Investments Inc raised its position in shares of British American Tobacco by 19.5% during the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares in the last quarter. GAMMA Investing LLC raised its position in shares of British American Tobacco by 79.3% during the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock worth $64,000 after acquiring an additional 922 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of British American Tobacco by 131.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after acquiring an additional 1,590 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of British American Tobacco during the 1st quarter worth about $732,000. Finally, Clarius Group LLC grew its stake in British American Tobacco by 40.3% during the 4th quarter. Clarius Group LLC now owns 13,066 shares of the company’s stock worth $383,000 after buying an additional 3,752 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.
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.
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