Garden State Investment Advisory Services LLC Purchases New Shares in British American Tobacco p.l.c. (NYSE:BTI)

Garden State Investment Advisory Services LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 7,813 shares of the company’s stock, valued at approximately $286,000.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake 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 buying an additional 54,555 shares in the last quarter. Bank of Montreal Can grew its stake 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 buying an additional 23,626 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. Bridgewater Associates LP acquired a new stake in British American Tobacco during the third quarter worth about $27,118,000. Finally, Auxier Asset Management grew its stake in British American Tobacco by 16.0% during the second quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock worth $5,778,000 after buying an additional 25,800 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

British American Tobacco Price Performance

BTI opened at $37.73 on Tuesday. The company’s 50 day moving average is $35.92 and its 200-day moving average is $34.67. British American Tobacco p.l.c. has a 1-year low of $28.25 and a 1-year high of $39.54. 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.