Headlands Technologies LLC Grows Stake in British American Tobacco p.l.c. $BTI

Headlands Technologies LLC boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 18,891.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,340 shares of the company’s stock after purchasing an additional 109,759 shares during the quarter. Headlands Technologies LLC’s holdings in British American Tobacco were worth $5,222,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BTI. Zions Bancorporation National Association UT lifted its stake in British American Tobacco by 46,488.4% in the second quarter. Zions Bancorporation National Association UT now owns 173,309 shares of the company’s stock worth $8,203,000 after purchasing an additional 172,937 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of British American Tobacco by 66.9% during the second quarter. Park Avenue Securities LLC now owns 56,520 shares of the company’s stock valued at $2,675,000 after buying an additional 22,654 shares during the last quarter. Genesis Private Wealth LLC purchased a new stake in shares of British American Tobacco in the second quarter worth approximately $334,000. Trivest Advisors Ltd bought a new stake in shares of British American Tobacco during the 2nd quarter worth approximately $60,109,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in British American Tobacco by 4.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 243,367 shares of the company’s stock valued at $11,519,000 after acquiring an additional 10,096 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

NYSE:BTI opened at $57.05 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 1-year low of $34.82 and a 1-year high of $59.29. The company has a 50-day moving average of $54.20 and a 200 day moving average of $53.06.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley reiterated an “underweight” rating on shares of British American Tobacco in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, September 8th. Kepler Capital Markets began coverage on shares of British American Tobacco in a research note on Friday. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

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.