Atlanta Consulting Group Advisors LLC Purchases New Shares in British American Tobacco p.l.c. (NYSE:BTI)

Atlanta Consulting Group Advisors LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 13,653 shares of the company’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. O Brien Greene & Co. Inc raised its stake in shares of British American Tobacco by 1.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after purchasing an additional 289 shares in the last quarter. Grove Bank & Trust raised its position in British American Tobacco by 11.0% during the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after acquiring an additional 314 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in British American Tobacco by 4.2% in the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock valued at $274,000 after acquiring an additional 363 shares during the last quarter. Greenleaf Trust increased its stake in shares of British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after purchasing an additional 376 shares during the last quarter. Finally, MADDEN SECURITIES Corp raised its holdings in shares of British American Tobacco by 1.3% during the 3rd quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock valued at $1,132,000 after purchasing an additional 400 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTI has been the topic of several analyst reports. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Thursday, October 3rd. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Stock Up 2.5 %

BTI stock opened at $36.39 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The company has a 50-day moving average of $36.16 and a two-hundred day moving average of $34.18. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54.

British American Tobacco Profile

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.