GAMMA Investing LLC Acquires 271,123 Shares of British American Tobacco p.l.c. (NYSE:BTI)

GAMMA Investing LLC increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5,144.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 276,393 shares of the company's stock after buying an additional 271,123 shares during the quarter. GAMMA Investing LLC's holdings in British American Tobacco were worth $11,434,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Capital International Investors grew its stake in British American Tobacco by 17.1% in the fourth quarter. Capital International Investors now owns 38,873,006 shares of the company's stock valued at $1,411,179,000 after purchasing an additional 5,673,619 shares in the last quarter. FMR LLC raised its holdings in British American Tobacco by 44.0% in the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock valued at $371,641,000 after acquiring an additional 3,127,046 shares in the last quarter. Bank of Montreal Can increased its stake in shares of British American Tobacco by 2,565.4% in the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock valued at $75,521,000 after purchasing an additional 2,001,311 shares during the last quarter. Bridgewater Associates LP increased its stake in shares of British American Tobacco by 261.7% in the 4th quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock valued at $97,388,000 after purchasing an additional 1,940,035 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in British American Tobacco during the 4th quarter worth $55,620,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Up 2.6%

BTI stock traded up $1.24 during trading on Wednesday, reaching $48.74. 10,795,255 shares of the stock were exchanged, compared to its average volume of 5,108,946. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm's 50 day moving average is $43.38 and its 200 day moving average is $40.29. The firm has a market cap of $100.75 billion, a P/E ratio of 10.01 and a beta of 0.31. British American Tobacco p.l.c. has a twelve month low of $30.33 and a twelve month high of $48.78.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BTI shares. Bank of America began coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

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.