CenterBook Partners LP Sells 35,492 Shares of British American Tobacco p.l.c. $BTI

CenterBook Partners LP reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,205 shares of the company’s stock after selling 35,492 shares during the quarter. CenterBook Partners LP’s holdings in British American Tobacco were worth $4,711,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BTI. Capital World Investors increased its holdings in British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after buying an additional 9,397,693 shares during the period. Orbis Allan Gray Ltd increased its holdings in British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after buying an additional 2,482,737 shares during the period. Capital International Investors increased its holdings in British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after buying an additional 1,891,042 shares during the period. Bank of America Corp DE increased its holdings in British American Tobacco by 29.5% in the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after buying an additional 1,578,860 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in British American Tobacco by 85.1% in the 2nd quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock valued at $130,515,000 after buying an additional 1,267,425 shares during the period. 16.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a report on Thursday, May 14th. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Wall Street Zen raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Monday. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

British American Tobacco Trading Up 0.1%

British American Tobacco stock opened at $59.80 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66. British American Tobacco p.l.c. has a 12-month low of $46.38 and a 12-month high of $67.30. The firm’s fifty day moving average is $60.14 and its 200 day moving average is $59.05.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.