BFI Infinity Ltd. Invests $234,000 in British American Tobacco p.l.c. $BTI

Key Points

• BFI Infinity Ltd. invested approximately $234,000 in British American Tobacco, acquiring 4,945 shares during the second quarter.
• Various institutional investors have also increased their stakes in British American Tobacco, with GQG Partners LLC growing its position by 59.8% in the first quarter.
• Analysts have mixed ratings for British American Tobacco, with some institutions downgrading it while others maintain a "Buy" rating, leading to an overall average rating of "Hold."

BFI Infinity Ltd. acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,945 shares of the company's stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTI. GQG Partners LLC grew its stake in shares of British American Tobacco by 59.8% during the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock worth $397,089,000 after purchasing an additional 3,590,916 shares during the period. Orbis Allan Gray Ltd lifted its position in shares of British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company's stock valued at $497,318,000 after buying an additional 2,040,011 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of British American Tobacco during the 2nd quarter valued at approximately $29,568,000. GAMMA Investing LLC lifted its position in shares of British American Tobacco by 5,144.6% during the 1st quarter. GAMMA Investing LLC now owns 276,393 shares of the company's stock valued at $11,434,000 after buying an additional 271,123 shares in the last quarter. Finally, First Sabrepoint Capital Management LP purchased a new position in shares of British American Tobacco during the 1st quarter valued at approximately $7,653,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Ratings Changes

BTI has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Jefferies Financial Group assumed coverage on British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Morgan Stanley restated an "underweight" rating and issued a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Barclays restated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Finally, Argus upgraded British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $51.00.

British American Tobacco Stock Performance

NYSE BTI opened at $52.78 on Tuesday. The company has a market cap of $108.59 billion, a P/E ratio of 10.84, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The stock has a 50-day moving average of $55.57 and a two-hundred day moving average of $48.54. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29.

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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