QRG Capital Management Inc. Has $11.39 Million Stake in British American Tobacco p.l.c. $BTI

Key Points

• QRG Capital Management Inc. increased its stake in British American Tobacco by 23.4%, owning 240,548 shares worth approximately $11.39 million as of its last SEC filing.
• Several hedge funds have significantly increased their positions in British American Tobacco, with notable stakes including GAMMA Investing LLC boosting its stake by a staggering 5,144.6% earlier this year.
• Wall Street analysts have mixed opinions on British American Tobacco; while five analysts rate it as a Buy, others have issued Hold or Sell ratings, resulting in a consensus rating of "Hold" with an average target price of $51.00.

QRG Capital Management Inc. raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 23.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 240,548 shares of the company's stock after purchasing an additional 45,662 shares during the period. QRG Capital Management Inc.'s holdings in British American Tobacco were worth $11,385,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BTI. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 271,123 shares during the last quarter. NBC Securities Inc. lifted its position in shares of British American Tobacco by 173,100.0% during the 1st quarter. NBC Securities Inc. now owns 1,732 shares of the company's stock worth $71,000 after buying an additional 1,731 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of British American Tobacco during the 1st quarter worth approximately $476,000. Pines Wealth Management LLC lifted its position in shares of British American Tobacco by 25.0% during the 1st quarter. Pines Wealth Management LLC now owns 8,405 shares of the company's stock worth $332,000 after buying an additional 1,682 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in shares of British American Tobacco by 5.8% during the 1st quarter. Sivia Capital Partners LLC now owns 5,934 shares of the company's stock worth $245,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BTI. Morgan Stanley reissued an "underweight" rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Jefferies Financial Group began coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Wall Street Zen cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada downgraded British American Tobacco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.00.

British American Tobacco Stock Down 2.2%

BTI opened at $51.22 on Friday. The stock has a market cap of $105.37 billion, a PE ratio of 10.52, a P/E/G ratio of 3.55 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. British American Tobacco p.l.c. has a 52 week low of $34.17 and a 52 week high of $59.29. The business's fifty day simple moving average is $55.56 and its 200 day simple moving average is $48.79.

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.

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