British American Tobacco (NYSE:BTI) Sets New 12-Month High at $39.43

British American Tobacco p.l.c. (NYSE:BTI) hit a new 52-week high during trading on Monday . The stock traded as high as $39.43 and last traded at $39.43, with a volume of 10381 shares. The stock had previously closed at $39.17.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th.

British American Tobacco Price Performance

The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $35.96 and a 200 day moving average price of $32.38.

Hedge Funds Weigh In On British American Tobacco

Several large investors have recently bought and sold shares of BTI. Heritage Wealth Advisors bought a new position in British American Tobacco in the 4th quarter valued at approximately $26,000. Cape Investment Advisory Inc. raised its stake in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after acquiring an additional 510 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of British American Tobacco by 153.7% in 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 during the last quarter. Russell Investments Group Ltd. increased its holdings in British American Tobacco by 83.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after purchasing an additional 550 shares during the period. Finally, Mather Group LLC. raised its position in British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors.

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.