British American Tobacco p.l.c. (NYSE:BTI) Shares Bought by Brooklyn Investment Group

Brooklyn Investment Group increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 274.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,541 shares of the company’s stock after purchasing an additional 1,129 shares during the period. Brooklyn Investment Group’s holdings in British American Tobacco were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BTI. FMR LLC raised its stake in shares of 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in British American Tobacco in the third quarter valued at $28,183,000. Bridgewater Associates LP purchased a new stake in shares of British American Tobacco during the 3rd quarter worth $27,118,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of British American Tobacco by 3,153.0% during 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 purchased a new position in shares of British American Tobacco in the 2nd quarter valued at about $10,826,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 1.2 %

BTI stock opened at $36.32 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The company’s 50 day simple moving average is $36.77 and its 200-day simple moving average is $36.03. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

Wall Street Analyst Weigh In

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

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.