Scientech Research LLC Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Scientech Research LLC acquired a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 12,833 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of British American Tobacco during the 2nd quarter worth approximately $408,000. Insigneo Advisory Services LLC boosted its stake in British American Tobacco by 50.0% in the second quarter. Insigneo Advisory Services LLC now owns 12,357 shares of the company’s stock valued at $382,000 after acquiring an additional 4,118 shares during the last quarter. Bank of Montreal Can raised its position in shares of British American Tobacco by 26.2% during the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after acquiring an additional 23,626 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of British American Tobacco by 36.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,163 shares of the company’s stock valued at $191,000 after purchasing an additional 1,648 shares during the period. Finally, Kize Capital LP bought a new position in shares of British American Tobacco in the 2nd quarter worth $10,826,000. 21.44% of the stock is owned by institutional investors.

British American Tobacco Stock Down 2.6 %

British American Tobacco stock opened at $36.84 on Monday. The firm has a market capitalization of $81.83 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.98 and a beta of 0.52. The company’s 50 day simple moving average is $36.79 and its 200 day simple moving average is $32.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

Analysts Set New Price Targets

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

British American Tobacco Company 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.