Quadrant Capital Group LLC Increases Holdings in British American Tobacco PLC (BTI)

Quadrant Capital Group LLC raised its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 79.7% in the 3rd quarter, Holdings Channel reports. The firm owned 6,173 shares of the company’s stock after buying an additional 2,738 shares during the period. Quadrant Capital Group LLC’s holdings in British American Tobacco were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Sawtooth Solutions LLC lifted its holdings in British American Tobacco by 73.9% during the 3rd quarter. Sawtooth Solutions LLC now owns 21,956 shares of the company’s stock valued at $1,024,000 after purchasing an additional 9,332 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in British American Tobacco by 5.4% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 70,425 shares of the company’s stock valued at $3,284,000 after purchasing an additional 3,635 shares during the last quarter. Cambiar Investors LLC lifted its holdings in British American Tobacco by 1.7% during the 3rd quarter. Cambiar Investors LLC now owns 3,536,865 shares of the company’s stock valued at $164,924,000 after purchasing an additional 58,775 shares during the last quarter. First Trust Advisors LP lifted its holdings in British American Tobacco by 17.3% during the 3rd quarter. First Trust Advisors LP now owns 586,840 shares of the company’s stock valued at $27,364,000 after purchasing an additional 86,558 shares during the last quarter. Finally, GW Henssler & Associates Ltd. lifted its holdings in British American Tobacco by 8.3% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 72,977 shares of the company’s stock valued at $3,403,000 after purchasing an additional 5,563 shares during the last quarter. 7.69% of the stock is owned by institutional investors and hedge funds.

Shares of BTI traded down $0.46 during midday trading on Monday, reaching $45.36. 3,039,900 shares of the stock were exchanged, compared to its average volume of 2,106,348. British American Tobacco PLC has a twelve month low of $41.69 and a twelve month high of $71.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81. The company has a market capitalization of $97.64 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.50 and a beta of 1.00.



Several equities research analysts have issued reports on BTI shares. Royal Bank of Canada downgraded British American Tobacco to an “underperform” rating in a report on Monday, September 3rd. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Jefferies Financial Group set a $66.00 price target on British American Tobacco and gave the company a “buy” rating in a report on Monday, September 17th. Sanford C. Bernstein began coverage on British American Tobacco in a report on Tuesday, October 16th. They set a “market perform” rating for the company. Finally, DZ Bank reissued a “sell” rating on shares of British American Tobacco in a report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.00.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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