British American Tobacco (NYSE:BTI) Sets New 52-Week High – Here’s Why

British American Tobacco p.l.c. (NYSE:BTI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.10 and last traded at $42.03, with a volume of 747388 shares trading hands. The stock had previously closed at $41.76.

Analysts Set New Price Targets

Several analysts recently commented on BTI shares. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Barclays raised British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The stock’s 50-day simple moving average is $37.47 and its two-hundred day simple moving average is $36.76.

Hedge Funds Weigh In On British American Tobacco

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of British American Tobacco during the 2nd quarter worth $408,000. GAMMA Investing LLC increased its holdings in shares of British American Tobacco by 69.9% in the third quarter. GAMMA Investing LLC now owns 3,494 shares of the company’s stock valued at $128,000 after purchasing an additional 1,437 shares during the period. CWM LLC raised its position in British American Tobacco by 4.0% during the 3rd quarter. CWM LLC now owns 17,185 shares of the company’s stock worth $629,000 after buying an additional 668 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in British American Tobacco by 34.7% during the third quarter. Valeo Financial Advisors LLC now owns 20,621 shares of the company’s stock valued at $754,000 after purchasing an additional 5,308 shares during the period. Finally, City State Bank boosted its stake in shares of British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after buying an additional 400 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

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.