Atlantic Trust Group LLC lifted its stake in British American Tobacco PLC (NYSE:BTI) by 361.2% in the 1st quarter, Holdings Channel reports. The firm owned 25,411 shares of the company’s stock after buying an additional 19,901 shares during the quarter. Atlantic Trust Group LLC’s holdings in British American Tobacco were worth $1,467,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. We Are One Seven LLC purchased a new position in shares of British American Tobacco in the 4th quarter worth about $114,000. Delpha Capital Management LLC purchased a new position in shares of British American Tobacco in the 4th quarter worth about $116,000. Prime Capital Investment Advisors LLC purchased a new position in shares of British American Tobacco in the 4th quarter worth about $141,000. Perigon Wealth Management LLC raised its position in shares of British American Tobacco by 101.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,789 shares of the company’s stock worth $163,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Kings Point Capital Management purchased a new position in shares of British American Tobacco in the 4th quarter worth about $188,000. 8.58% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on BTI. Zacks Investment Research lowered British American Tobacco from a “hold” rating to a “sell” rating in a research report on Monday, June 4th. Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.00.
British American Tobacco opened at $50.75 on Friday, according to Marketbeat. British American Tobacco PLC has a one year low of $48.00 and a one year high of $71.74. The stock has a market capitalization of $105.78 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.72.
About British American Tobacco
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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