12,064 Shares in British American Tobacco p.l.c. $BTI Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired 12,064 shares of British American Tobacco, valued at approximately $499,000, according to recent SEC disclosures.
• Institutional investors have significantly increased their holdings, with Lockheed Martin Investment Management Co. growing its position by 27.7% in the first quarter.
• British American Tobacco has received mixed ratings from analysts, with a current consensus rating of "Hold" and an average price target of $51.00.

Trexquant Investment LP acquired a new position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,064 shares of the company's stock, valued at approximately $499,000.

Other large investors also recently modified their holdings of the company. Lockheed Martin Investment Management Co. grew its holdings in shares of British American Tobacco by 27.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock worth $5,833,000 after acquiring an additional 30,600 shares during the period. BNP Paribas Financial Markets grew its holdings in British American Tobacco by 21.8% during the fourth quarter. BNP Paribas Financial Markets now owns 82,029 shares of the company's stock valued at $2,979,000 after purchasing an additional 14,655 shares during the period. Consolidated Portfolio Review Corp bought a new stake in British American Tobacco during the first quarter valued at about $375,000. Atria Wealth Solutions Inc. grew its holdings in British American Tobacco by 28.8% during the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock valued at $1,074,000 after purchasing an additional 5,745 shares during the period. Finally, Todd Asset Management LLC grew its holdings in British American Tobacco by 26.9% during the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock valued at $30,692,000 after purchasing an additional 157,251 shares during the period. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

NYSE:BTI opened at $56.23 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $115.81 billion, a P/E ratio of 11.55, a P/E/G ratio of 3.85 and a beta of 0.40. British American Tobacco p.l.c. has a 12 month low of $34.17 and a 12 month high of $59.29. The business's 50-day moving average is $54.10 and its 200 day moving average is $46.98.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BTI shares. Morgan Stanley reissued an "underweight" rating and set a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays reissued an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Argus raised British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price target for the company in a report on Monday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, British American Tobacco currently has a consensus rating of "Hold" and an average price target of $51.00.

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.

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