Jefferies Financial Group Inc. Invests $1.84 Million in British American Tobacco p.l.c. $BTI

Jefferies Financial Group Inc. acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, HoldingsChannel reports. The firm acquired 32,444 shares of the company’s stock, valued at approximately $1,837,000.

Other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of British American Tobacco in the second quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of British American Tobacco in the fourth quarter worth approximately $42,000. Binnacle Investments Inc grew its holdings in shares of British American Tobacco by 163.2% in the third quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after purchasing an additional 465 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of British American Tobacco by 100.0% in the third quarter. Westside Investment Management Inc. now owns 782 shares of the company’s stock worth $41,000 after purchasing an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 1.4%

Shares of British American Tobacco stock opened at $64.01 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. The business has a 50 day moving average of $59.84 and a 200 day moving average of $58.75. British American Tobacco p.l.c. has a 52 week low of $44.58 and a 52 week high of $67.30.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Finally, Weiss Ratings lowered shares of British American Tobacco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Company Profile

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.