British American Tobacco p.l.c. (NYSE:BTI) Shares Acquired by Continuum Advisory LLC

Continuum Advisory LLC lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 122.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,357 shares of the company’s stock after purchasing an additional 748 shares during the quarter. Continuum Advisory LLC’s holdings in British American Tobacco were worth $48,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. O Brien Greene & Co. Inc increased its position in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock valued at $529,000 after acquiring an additional 289 shares during the last quarter. First City Capital Management Inc. increased its stake in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock worth $398,000 after buying an additional 300 shares during the period. Grove Bank & Trust boosted its position in British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after buying an additional 314 shares during the period. Greenleaf Trust grew its stake in 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 in the last quarter. Finally, MADDEN SECURITIES Corp increased its stake in shares of British American Tobacco by 1.3% during the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock worth $1,132,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.5 %

BTI stock opened at $37.56 on Friday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $39.54. The company has a fifty day moving average of $35.99 and a 200-day moving average of $35.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note 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 target price on the stock. in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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.