Centiva Capital LP Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Centiva Capital LP bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,798 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its position in British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares during the period. Bank of Montreal Can grew its position in British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after purchasing an additional 23,626 shares in the last quarter. Cerity Partners LLC increased its stake in British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after buying an additional 31,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in shares of British American Tobacco during the 3rd quarter valued at $27,118,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BTI shares. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. Finally, Barclays raised British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $37.74 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The firm has a fifty day moving average price of $35.95 and a 200 day moving average price of $34.98.

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.