Lighthouse Investment Partners LLC Invests $2.19 Million in British American Tobacco p.l.c. (NYSE:BTI)

Lighthouse Investment Partners LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,900 shares of the company’s stock, valued at approximately $2,194,000.

A number of other institutional investors also recently made changes to their positions in BTI. Capital Research Global Investors boosted its stake in shares of British American Tobacco by 38.5% in the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after buying an additional 4,259,548 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of British American Tobacco by 34.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company’s stock valued at $80,670,000 after buying an additional 650,979 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of British American Tobacco by 39.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,115,007 shares of the company’s stock valued at $66,432,000 after buying an additional 593,035 shares during the period. Natixis Advisors L.P. boosted its stake in shares of British American Tobacco by 15.2% in the fourth quarter. Natixis Advisors L.P. now owns 2,099,969 shares of the company’s stock valued at $61,508,000 after buying an additional 276,890 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of British American Tobacco by 24.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,845,788 shares of the company’s stock valued at $54,063,000 after buying an additional 366,692 shares during the period. Institutional investors own 21.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Get Our Latest Stock Report on British American Tobacco

British American Tobacco Price Performance

Shares of BTI opened at $30.73 on Tuesday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $34.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. The firm has a 50 day simple moving average of $30.14 and a two-hundred day simple moving average of $30.13.

British American Tobacco Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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