Range Financial Group LLC Purchases New Shares in British American Tobacco p.l.c. (NYSE:BTI)

Range Financial Group LLC acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,647 shares of the company’s stock, valued at approximately $1,440,000.

A number of other large investors have also recently modified their holdings of the stock. Rhumbline Advisers boosted its position in British American Tobacco by 41.8% during the 2nd quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after acquiring an additional 1,490 shares in the last quarter. National Bank of Canada FI raised its holdings in British American Tobacco by 3.6% in the second quarter. National Bank of Canada FI now owns 101,458 shares of the company’s stock worth $3,151,000 after purchasing an additional 3,534 shares in the last quarter. Private Advisor Group LLC lifted its position in British American Tobacco by 21.2% during the second quarter. Private Advisor Group LLC now owns 38,793 shares of the company’s stock valued at $1,200,000 after buying an additional 6,786 shares during the period. Ballentine Partners LLC boosted its stake in British American Tobacco by 15.6% during the second quarter. Ballentine Partners LLC now owns 7,969 shares of the company’s stock worth $246,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of British American Tobacco in the second quarter worth $561,000. Institutional investors own 16.16% of the company’s stock.

Analyst Upgrades and Downgrades

BTI has been the subject of a number of recent analyst reports. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Thursday, October 3rd. Finally, StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Trading Down 0.5 %

Shares of British American Tobacco stock traded down $0.19 during trading on Tuesday, hitting $36.78. The stock had a trading volume of 2,647,096 shares, compared to its average volume of 2,542,673. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The firm’s fifty day simple moving average is $36.58 and its 200-day simple moving average is $35.77. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54. The stock has a market cap of $81.27 billion, a PE ratio of 7.68 and a beta of 0.52.

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.