SG Americas Securities LLC Grows Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

SG Americas Securities LLC boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 45.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,286 shares of the company’s stock after buying an additional 14,432 shares during the period. SG Americas Securities LLC’s holdings in British American Tobacco were worth $1,681,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in shares of British American Tobacco by 35.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after acquiring an additional 54,555 shares during the period. Bank of Montreal Can raised its stake 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 worth $3,658,000 after buying an additional 23,626 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock valued at $4,824,000 after buying an additional 26,863 shares during the period. Cerity Partners LLC grew its holdings in British American Tobacco by 89.6% during the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after acquiring an additional 31,250 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after acquiring an additional 554,491 shares in the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $37.93 on Monday. 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 company’s 50-day moving average price is $36.91 and its 200 day moving average price is $36.21. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

Wall Street Analyst Weigh In

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

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.