British American Tobacco p.l.c. (NYSE:BTI) Shares Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. boosted its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 590.1% in the third quarter, HoldingsChannel.com reports. The fund owned 172,520 shares of the company’s stock after buying an additional 147,520 shares during the quarter. British American Tobacco comprises about 3.2% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 7th biggest holding. Savoir Faire Capital Management L.P.’s holdings in British American Tobacco were worth $6,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares during the last quarter. Bank of Montreal Can raised its position in British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock worth $3,658,000 after acquiring an additional 23,626 shares during the last quarter. Atria Investments Inc raised its position in British American Tobacco by 19.5% during the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of British American Tobacco by 131.8% in the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after buying an additional 1,590 shares during the last quarter. Finally, Auxier Asset Management raised its position in shares of British American Tobacco by 16.0% in the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock valued at $5,778,000 after buying an additional 25,800 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Price Performance

British American Tobacco stock opened at $36.69 on Tuesday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The firm has a 50 day moving average price of $36.11 and a 200 day moving average price of $34.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

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.