Brucke Financial Inc. Takes $296,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Brucke Financial Inc. bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,455 shares of the company's stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BTI. Capital International Investors raised its holdings in shares of British American Tobacco by 17.1% in the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after buying an additional 5,673,619 shares in the last quarter. FMR LLC grew its position in British American Tobacco by 44.0% in the fourth 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 during the period. Bank of Montreal Can raised its stake in British American Tobacco by 2,565.4% during the fourth quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after acquiring an additional 2,001,311 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of British American Tobacco by 261.7% during the fourth quarter. Bridgewater Associates LP now owns 2,681,379 shares of the company's stock valued at $97,388,000 after acquiring an additional 1,940,035 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of British American Tobacco in the 4th quarter valued at $55,620,000. Institutional investors own 16.16% of the company's stock.

British American Tobacco Price Performance

Shares of NYSE BTI traded up $0.16 during trading on Friday, reaching $45.13. The company had a trading volume of 6,789,109 shares, compared to its average volume of 4,981,758. British American Tobacco p.l.c. has a 52 week low of $30.29 and a 52 week high of $45.41. The business's 50 day moving average price is $42.38 and its 200-day moving average price is $39.71. The stock has a market cap of $93.29 billion, a PE ratio of 9.27 and a beta of 0.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76.

Wall Street Analysts Forecast Growth

BTI has been the subject of several recent analyst reports. Bank of America began coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating for the company. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

British American Tobacco Company 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.