British American Tobacco p.l.c. $BTI Holdings Cut by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 85.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,264 shares of the company’s stock after selling 628,423 shares during the period. SG Americas Securities LLC’s holdings in British American Tobacco were worth $6,506,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. 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 worth $1,155,000 after acquiring an additional 7,270 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of British American Tobacco by 42.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after purchasing an additional 2,521 shares in the last quarter. Rhumbline Advisers lifted its stake 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 purchasing an additional 559 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in British American Tobacco by 58.6% in the second quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock worth $703,000 after purchasing an additional 5,486 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in British American Tobacco by 5.4% in the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock worth $756,000 after purchasing an additional 816 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

BTI has been the topic of several recent research reports. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

British American Tobacco Stock Performance

Shares of BTI opened at $62.83 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $60.82 and a 200-day simple moving average of $59.44. British American Tobacco p.l.c. has a 52 week low of $46.38 and a 52 week high of $67.30.

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.