Point72 Asset Management L.P. Acquires 27,246 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Point72 Asset Management L.P. grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 119.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,100 shares of the company’s stock after acquiring an additional 27,246 shares during the quarter. Point72 Asset Management L.P.’s holdings in British American Tobacco were worth $1,833,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. FMR LLC raised its holdings in British American Tobacco by 67.7% during the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after buying an additional 2,868,675 shares during the period. Bridgewater Associates LP acquired a new stake in shares of British American Tobacco during the third quarter worth $27,118,000. Natixis Advisors LLC lifted its position in British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after acquiring an additional 614,634 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares during the period. Finally, Kize Capital LP bought a new position in British American Tobacco during the 2nd quarter worth about $10,826,000. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. Finally, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Trading Up 0.2 %

BTI opened at $37.88 on Tuesday. The business’s 50-day simple moving average is $35.93 and its 200 day simple moving average is $34.93. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

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.