Highland Capital Management LLC Invests $710,000 in British American Tobacco p.l.c. $BTI

Highland Capital Management LLC bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, Holdings Channel.com reports. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock valued at $25,000 after purchasing an additional 280 shares during the last quarter. Golden State Wealth Management LLC raised its stake in British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after buying an additional 305 shares during the last quarter. Mather Group LLC. boosted its holdings in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $27,000 after acquiring an additional 480 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of British American Tobacco during the first quarter worth about $32,000. Finally, CX Institutional acquired a new position in shares of British American Tobacco during the first quarter valued at about $34,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 2.2%

Shares of BTI stock opened at $51.22 on Monday. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company has a 50-day moving average of $55.56 and a two-hundred day moving average of $48.84. The firm has a market cap of $105.37 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42.

Analyst Ratings Changes

A number of brokerages recently commented on BTI. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Monday, September 8th. Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th. Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Jefferies Financial Group started coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Finally, Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, British American Tobacco presently has an average rating of “Hold” and a consensus target price of $51.00.

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.