Bayesian Capital Management LP Acquires 54,700 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Bayesian Capital Management LP lifted its position in British American Tobacco p.l.c. (NYSE:BTI) by 558.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,500 shares of the company’s stock after purchasing an additional 54,700 shares during the quarter. Bayesian Capital Management LP’s holdings in British American Tobacco were worth $1,967,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Heritage Wealth Advisors purchased a new position in British American Tobacco in the fourth quarter worth about $26,000. Parkside Financial Bank & Trust raised its stake in British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after buying an additional 710 shares in the last quarter. HBC Financial Services PLLC bought a new position in British American Tobacco in the fourth quarter worth approximately $29,000. Cape Investment Advisory Inc. raised its stake in British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after buying an additional 510 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Friday.

British American Tobacco Trading Up 0.2 %

Shares of BTI stock traded up $0.06 on Tuesday, hitting $35.58. The company had a trading volume of 2,587,526 shares, compared to its average volume of 4,599,720. The company has a 50-day moving average price of $31.75 and a 200-day moving average price of $30.61. 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 twelve month low of $28.25 and a twelve month high of $35.66.

About British American Tobacco

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.