Avantra Family Wealth Inc. Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Avantra Family Wealth Inc. purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,878 shares of the company’s stock, valued at approximately $686,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after purchasing an additional 206,117 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco during the third quarter valued at about $28,183,000. Bridgewater Associates LP bought a new stake in shares of British American Tobacco during the third quarter valued at about $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after purchasing an additional 554,491 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Trading Down 0.1 %

NYSE BTI opened at $39.64 on Friday. The stock’s 50-day moving average price is $37.15 and its two-hundred day moving average price is $36.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.85.

Analyst Ratings Changes

Several equities research analysts have commented on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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.