Sivia Capital Partners LLC Purchases Shares of 5,608 British American Tobacco p.l.c. (NYSE:BTI)

Sivia Capital Partners LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,608 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in shares of British American Tobacco by 35.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after purchasing an additional 54,555 shares in the last quarter. Bank of Montreal Can grew its position in British American Tobacco by 26.2% in the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after buying an additional 23,626 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in British American Tobacco by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after buying an additional 26,863 shares during the period. Cerity Partners LLC lifted its stake in shares of British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after acquiring an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after acquiring an additional 554,491 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

Shares of NYSE:BTI traded down $0.54 on Monday, reaching $35.36. 7,628,452 shares of the company traded hands, compared to its average volume of 3,324,125. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a market capitalization of $78.13 billion, a PE ratio of 7.38 and a beta of 0.52. The company’s 50 day moving average is $36.73 and its 200-day moving average is $35.90. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

Wall Street Analyst Weigh In

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

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.