Two Sigma Investments LP Decreases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Two Sigma Investments LP reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 26.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 823,753 shares of the company's stock after selling 297,048 shares during the period. Two Sigma Investments LP's holdings in British American Tobacco were worth $29,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of British American Tobacco by 1.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 493,451 shares of the company's stock valued at $17,922,000 after purchasing an additional 7,875 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in British American Tobacco by 24.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,094,244 shares of the company's stock worth $221,343,000 after buying an additional 1,196,020 shares in the last quarter. Cove Street Capital LLC purchased a new stake in British American Tobacco during the fourth quarter worth $1,050,000. SG Americas Securities LLC boosted its holdings in British American Tobacco by 45.3% during the fourth quarter. SG Americas Securities LLC now owns 46,286 shares of the company's stock worth $1,681,000 after buying an additional 14,432 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in British American Tobacco by 9.8% during the fourth quarter. QRG Capital Management Inc. now owns 196,073 shares of the company's stock worth $7,121,000 after acquiring an additional 17,478 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 1.4%

BTI stock traded up $0.64 during midday trading on Friday, reaching $45.24. 4,320,375 shares of the company were exchanged, compared to its average volume of 4,950,561. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco p.l.c. has a 1-year low of $30.01 and a 1-year high of $45.29. The stock's 50-day simple moving average is $41.96 and its 200 day simple moving average is $39.37. The company has a market cap of $93.51 billion, a price-to-earnings ratio of 9.29 and a beta of 0.32.

Analyst Ratings Changes

BTI has been the subject of a number of recent research reports. Bank of America began coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. Wall Street Zen raised shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Finally, UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.