Quantbot Technologies LP Acquires New Position in British American Tobacco p.l.c. (NYSE:BTI)

Quantbot Technologies LP bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 54,950 shares of the company’s stock, valued at approximately $2,010,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Oppenheimer Asset Management Inc. grew its position in British American Tobacco by 35.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after acquiring an additional 54,555 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of British American Tobacco by 26.2% in the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after purchasing an additional 23,626 shares in the last quarter. Atria Investments Inc increased its position in British American Tobacco by 19.5% during the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after purchasing an additional 12,150 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted 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 valued at $20,927,000 after purchasing an additional 554,491 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in British American Tobacco by 131.8% in the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after buying an additional 1,590 shares in the last quarter. Institutional investors own 21.44% of the company’s stock.

Analysts Set New Price Targets

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

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $37.94 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company’s fifty day moving average is $35.91 and its 200 day moving average is $34.57.

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.