Integrated Quantitative Investments LLC Makes New Investment in British American Tobacco p.l.c. $BTI

Integrated Quantitative Investments LLC bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 71,328 shares of the company’s stock, valued at approximately $3,376,000. British American Tobacco makes up approximately 1.0% of Integrated Quantitative Investments LLC’s holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of BTI. Western Wealth Management LLC raised its holdings in British American Tobacco by 2.5% during the second quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock worth $410,000 after purchasing an additional 208 shares during the last quarter. Mission Wealth Management LP increased its position in shares of British American Tobacco by 2.1% in the second quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock valued at $513,000 after buying an additional 226 shares in the last quarter. Michels Family Financial LLC raised its stake in shares of British American Tobacco by 1.3% during the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock worth $898,000 after buying an additional 249 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of British American Tobacco by 9.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after buying an additional 259 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in British American Tobacco by 4.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 5,627 shares of the company’s stock valued at $266,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Price Performance

BTI stock opened at $54.10 on Friday. British American Tobacco p.l.c. has a one year low of $34.82 and a one year high of $59.29. The company has a 50 day moving average price of $53.18 and a two-hundred day moving average price of $51.17. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

BTI has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating and set a $40.00 target price on shares of British American Tobacco in a research report on Friday, August 15th. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, October 8th. Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.00.

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.