Jump Financial LLC Buys New Position in British American Tobacco p.l.c. $BTI

Key Points

• Jump Financial LLC has invested approximately $253,000 in British American Tobacco p.l.c. (NYSE: BTI) by acquiring 6,104 shares in the first quarter of the year.
• Several large investors have also significantly increased their stakes in BTI, with GQG Partners LLC raising its position by 59.8% and GAMMA Investing LLC boosting its share by a staggering 5,144.6% during the same period.
• British American Tobacco has a current market capitalization of $113.40 billion and a consensus rating of "Hold" among analysts, with a price target of $40.00 per share.

Jump Financial LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,104 shares of the company's stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GQG Partners LLC lifted its holdings in British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock worth $397,089,000 after acquiring an additional 3,590,916 shares during the period. GAMMA Investing LLC raised its holdings in British American Tobacco by 5,144.6% in the 1st quarter. GAMMA Investing LLC now owns 276,393 shares of the company's stock worth $11,434,000 after purchasing an additional 271,123 shares during the period. Two Sigma Advisers LP grew its position in shares of British American Tobacco by 39.6% during the fourth quarter. Two Sigma Advisers LP now owns 877,000 shares of the company's stock valued at $31,853,000 after purchasing an additional 248,700 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of British American Tobacco by 108.8% during the fourth quarter. Ameriprise Financial Inc. now owns 474,111 shares of the company's stock valued at $17,242,000 after buying an additional 247,018 shares during the period. Finally, Todd Asset Management LLC raised its stake in British American Tobacco by 26.9% in the first quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock worth $30,692,000 after buying an additional 157,251 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

BTI has been the subject of several research reports. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a report on Tuesday, September 2nd. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Morgan Stanley reiterated an "underweight" rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Argus raised shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 target price for the company in a research report on Monday. Finally, Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, British American Tobacco has an average rating of "Hold" and a consensus price target of $51.00.

British American Tobacco Trading Up 0.3%

BTI traded up $0.19 during trading on Monday, hitting $56.21. The company's stock had a trading volume of 2,794,677 shares, compared to its average volume of 5,669,108. 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 firm's 50 day moving average price is $53.93 and its 200-day moving average price is $46.85. The stock has a market cap of $115.77 billion, a PE ratio of 11.53, a PEG ratio of 3.85 and a beta of 0.40. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29.

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.