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

GAMMA Investing LLC grew its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 5,144.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,393 shares of the company's stock after purchasing an additional 271,123 shares during the period. GAMMA Investing LLC's holdings in British American Tobacco were worth $11,434,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Ameriflex Group Inc. purchased a new position in shares of British American Tobacco in the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. boosted its stake in British American Tobacco by 294.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after purchasing an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in British American Tobacco during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its holdings in shares of British American Tobacco by 334.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock valued at $40,000 after purchasing an additional 846 shares in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in shares of British American Tobacco by 43.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock worth $45,000 after buying an additional 374 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BTI shares. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Bank of America initiated coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, British American Tobacco has an average rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Stock Up 0.7%

BTI stock traded up $0.35 during mid-day trading on Friday, hitting $47.79. The stock had a trading volume of 6,273,991 shares, compared to its average volume of 5,072,740. British American Tobacco p.l.c. has a 1-year low of $30.29 and a 1-year high of $47.86. The company has a fifty day moving average of $42.94 and a 200 day moving average of $40.09. 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 stock has a market capitalization of $98.79 billion, a price-to-earnings ratio of 9.81 and a beta of 0.31.

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.