British American Tobacco (NYSE:BTI) Shares Gap Up to $33.15

British American Tobacco p.l.c. (NYSE:BTI – Get Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $33.15, but opened at $33.96. British American Tobacco shares last traded at $33.84, with a volume of 813,815 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BTI. StockNews.com assumed coverage on British American Tobacco in a research report on Thursday, May 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. cut British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Monday, March 13th.

British American Tobacco Trading Down 0.6 %

The company has a 50 day simple moving average of $35.35 and a two-hundred day simple moving average of $37.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.55 and a current ratio of 0.86.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BTI. BlackRock Inc. boosted its position in shares of British American Tobacco by 11.6% during the first quarter. BlackRock Inc. now owns 5,624,861 shares of the company’s stock valued at $237,145,000 after buying an additional 582,790 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of British American Tobacco by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,290,017 shares of the company’s stock valued at $54,387,000 after purchasing an additional 8,692 shares during the period. Cetera Investment Advisers boosted its holdings in shares of British American Tobacco by 4.5% in the first quarter. Cetera Investment Advisers now owns 64,394 shares of the company’s stock valued at $2,715,000 after purchasing an additional 2,798 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of British American Tobacco in the first quarter valued at approximately $323,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of British American Tobacco by 148.7% in the first quarter. NewEdge Advisors LLC now owns 18,870 shares of the company’s stock valued at $795,000 after purchasing an additional 11,283 shares during the period. Hedge funds and other institutional investors own 6.37% of the company’s stock.

British American Tobacco Company Profile

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British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Asia-Pacific and Middle East (APME), Americas and Sub-Saharan Africa (AMSSA), and Europe and North Africa (ENA).