Sivia Capital Partners LLC Increases Stake in British American Tobacco p.l.c. (NYSE:BTI)

Sivia Capital Partners LLC raised its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,934 shares of the company’s stock after buying an additional 326 shares during the period. Sivia Capital Partners LLC’s holdings in British American Tobacco were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BTI. Pines Wealth Management LLC boosted its holdings in British American Tobacco by 25.0% in the first quarter. Pines Wealth Management LLC now owns 8,405 shares of the company’s stock valued at $332,000 after purchasing an additional 1,682 shares during the period. AGH Wealth Advisors LLC purchased a new position in shares of British American Tobacco in the 1st quarter valued at about $209,000. HF Advisory Group LLC increased its stake in shares of British American Tobacco by 10.9% during the first quarter. HF Advisory Group LLC now owns 44,131 shares of the company’s stock worth $1,826,000 after buying an additional 4,345 shares during the period. Financial Management Professionals Inc. raised its holdings in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company’s stock valued at $26,000 after acquiring an additional 278 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in British American Tobacco in the first quarter worth approximately $232,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Up 0.7%

Shares of NYSE:BTI opened at $47.79 on Monday. The firm has a 50 day simple moving average of $42.94 and a 200-day simple moving average of $40.11. British American Tobacco p.l.c. has a twelve month low of $30.29 and a twelve month high of $47.96. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $98.79 billion, a PE ratio of 9.81 and a beta of 0.31.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BTI. Wall Street Zen upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Bank of America began coverage on British American Tobacco in a research note on Wednesday, April 30th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.