CenterBook Partners LP Has $4.71 Million Stock Holdings in British American Tobacco p.l.c. $BTI

CenterBook Partners LP cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 29.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,205 shares of the company’s stock after selling 35,492 shares during the period. CenterBook Partners LP’s holdings in British American Tobacco were worth $4,711,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in British American Tobacco by 35.2% in the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after purchasing an additional 7,270 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of British American Tobacco by 42.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after acquiring an additional 2,521 shares during the period. Rhumbline Advisers grew its position in shares of British American Tobacco by 10.2% in the 2nd quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock valued at $285,000 after acquiring an additional 559 shares during the period. Baird Financial Group Inc. lifted its stake in shares of British American Tobacco by 58.6% during the 2nd quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock worth $703,000 after buying an additional 5,486 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of British American Tobacco by 5.4% during the 2nd quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock worth $756,000 after buying an additional 816 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.1%

Shares of British American Tobacco stock opened at $59.80 on Tuesday. British American Tobacco p.l.c. has a twelve month low of $46.38 and a twelve month high of $67.30. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $60.14 and a two-hundred day simple moving average of $59.05.

Wall Street Analysts Forecast Growth

BTI has been the subject of a number of research reports. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research note on Monday. Citigroup restated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco 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.