Two Sigma Investments LP Sells 297,048 Shares of British American Tobacco p.l.c. (NYSE:BTI)

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

A number of other institutional investors also recently modified their holdings of BTI. SRS Capital Advisors Inc. lifted its stake in British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock worth $26,000 after acquiring an additional 525 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in British American Tobacco in the fourth quarter worth $27,000. Cullen Frost Bankers Inc. grew its position in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after buying an additional 846 shares during the period. Duncker Streett & Co. Inc. boosted its stake 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 worth $45,000 after acquiring an additional 374 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of British American Tobacco during the fourth quarter valued at approximately $47,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th. Finally, Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

British American Tobacco Stock Performance

Shares of British American Tobacco stock traded up $0.64 during trading on Monday, hitting $45.24. 4,320,375 shares of the company's stock traded hands, compared to its average volume of 4,958,819. British American Tobacco p.l.c. has a 1 year low of $30.01 and a 1 year high of $45.29. The business has a 50-day simple moving average of $41.96 and a 200-day simple moving average of $39.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $93.51 billion, a P/E ratio of 9.29 and a beta of 0.32.

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.