Point72 Hong Kong Ltd Acquires New Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Point72 Hong Kong Ltd bought a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,200 shares of the company’s stock, valued at approximately $227,000.

Several other large investors also recently made changes to their positions in the company. Mather Group LLC. grew its holdings in British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares in the last quarter. Addison Advisors LLC grew its stake in shares of British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after purchasing an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock worth $65,000 after purchasing an additional 1,351 shares during the period. Finally, City State Bank grew its position in British American Tobacco by 26.6% in the 3rd quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. Barclays raised British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Trading Down 0.6 %

Shares of BTI opened at $37.73 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $35.92 and its 200-day moving average is $34.67. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54.

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.