Raleigh Capital Management Inc. Increases Stock Position in British American Tobacco p.l.c. $BTI

Key Points

• Raleigh Capital Management Inc. significantly increased its stake in British American Tobacco by 376,177.8%, acquiring a total of 33,865 shares worth approximately $1,603,000.
• Other hedge funds, such as GAMMA Investing LLC and NBC Securities Inc., also made substantial increases to their holdings in the company during the first quarter.
• British American Tobacco currently has a market cap of $108.59 billion and a consensus rating of "Hold" among analysts, with a price target of $51.00.

Raleigh Capital Management Inc. increased its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 376,177.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,865 shares of the company's stock after buying an additional 33,856 shares during the period. Raleigh Capital Management Inc.'s holdings in British American Tobacco were worth $1,603,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in British American Tobacco by 5,144.6% during the first 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 in the last quarter. Parallel Advisors LLC lifted its holdings in British American Tobacco by 5.9% during the first quarter. Parallel Advisors LLC now owns 8,388 shares of the company's stock valued at $347,000 after purchasing an additional 469 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in British American Tobacco by 4.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,937 shares of the company's stock valued at $328,000 after purchasing an additional 365 shares in the last quarter. NBC Securities Inc. lifted its holdings in British American Tobacco by 173,100.0% during the first quarter. NBC Securities Inc. now owns 1,732 shares of the company's stock valued at $71,000 after purchasing an additional 1,731 shares in the last quarter. Finally, LVW Advisors LLC raised its position in shares of British American Tobacco by 9.8% in the first quarter. LVW Advisors LLC now owns 7,670 shares of the company's stock valued at $317,000 after buying an additional 685 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

British American Tobacco stock opened at $52.78 on Tuesday. British American Tobacco p.l.c. has a 12-month low of $34.17 and a 12-month high of $59.29. The stock has a market cap of $108.59 billion, a P/E ratio of 10.84, a PEG ratio of 3.64 and a beta of 0.40. The company has a 50-day moving average price of $55.57 and a 200 day moving average price of $48.54. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BTI shares. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Royal Bank Of Canada cut shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.00.

British American Tobacco 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.

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