Two Sigma Advisers LP Boosts Position in British American Tobacco p.l.c. (NYSE:BTI)

Two Sigma Advisers LP increased its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 39.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 877,000 shares of the company's stock after acquiring an additional 248,700 shares during the quarter. Two Sigma Advisers LP's holdings in British American Tobacco were worth $31,853,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its position in British American Tobacco by 294.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after purchasing an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of British American Tobacco during the 4th quarter worth $27,000. Cullen Frost Bankers Inc. increased its stake in 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 acquiring an additional 846 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in British American Tobacco by 43.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock valued at $45,000 after purchasing an additional 374 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of British American Tobacco in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Stock Up 2.0%

BTI opened at $44.44 on Wednesday. The company has a market cap of $91.86 billion, a P/E ratio of 9.13 and a beta of 0.32. British American Tobacco p.l.c. has a 12 month low of $30.01 and a 12 month high of $44.78. The business's 50-day moving average price is $41.76 and its 200-day moving average price is $39.20. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. Bank of America started coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, StockNews.com raised shares of 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

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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