BT Group PLC (NYSE:BT) was the target of a significant growth in short interest in October. As of October 13th, there was short interest totalling 1,081,226 shares, a growth of 70.5% from the September 29th total of 633,984 shares. Based on an average daily trading volume, of 455,789 shares, the days-to-cover ratio is presently 2.4 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of BT Group PLC by 22.8% in the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after purchasing an additional 230,781 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of BT Group PLC by 1,839.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after purchasing an additional 994,311 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of BT Group PLC by 2.3% in the 3rd quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock valued at $14,197,000 after purchasing an additional 16,820 shares in the last quarter. Aperio Group LLC lifted its stake in shares of BT Group PLC by 40.8% in the 3rd quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock valued at $9,580,000 after purchasing an additional 144,367 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of BT Group PLC by 10.5% in the 1st quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after purchasing an additional 42,130 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on BT. Zacks Investment Research lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.50) price objective on shares of BT Group PLC in a report on Thursday, October 26th. Jefferies Group LLC dropped their price objective on shares of BT Group PLC from GBX 280 ($3.69) to GBX 265 ($3.50) and set a “hold” rating for the company in a report on Wednesday, October 25th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 390 ($5.15) price objective on shares of BT Group PLC in a report on Tuesday, October 24th. Finally, Citigroup Inc. lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. BT Group PLC currently has an average rating of “Hold” and an average target price of $333.17.

Shares of BT Group PLC (BT) opened at 17.56 on Tuesday. The firm has a market cap of $34.90 billion, a PE ratio of 16.57 and a beta of 1.04. The stock’s 50 day moving average is $18.75 and its 200 day moving average is $19.43. BT Group PLC has a 12 month low of $17.46 and a 12 month high of $24.65.

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BT Group PLC Company Profile

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