XTX Topco Ltd Increases Stock Position in British American Tobacco p.l.c. $BTI

XTX Topco Ltd increased its position in British American Tobacco p.l.c. (NYSE:BTI) by 76.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 129,145 shares of the company’s stock after purchasing an additional 55,966 shares during the period. XTX Topco Ltd’s holdings in British American Tobacco were worth $6,112,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BTI. Western Wealth Management LLC grew its holdings in shares of British American Tobacco by 2.5% during the second quarter. Western Wealth Management LLC now owns 8,656 shares of the company’s stock worth $410,000 after buying an additional 208 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of British American Tobacco by 1.2% during the second quarter. TD Waterhouse Canada Inc. now owns 19,598 shares of the company’s stock worth $915,000 after purchasing an additional 223 shares during the last quarter. Mission Wealth Management LP lifted its holdings in shares of British American Tobacco by 2.1% during the second quarter. Mission Wealth Management LP now owns 10,839 shares of the company’s stock worth $513,000 after purchasing an additional 226 shares during the period. Michels Family Financial LLC increased its stake in British American Tobacco by 1.3% in the 2nd quarter. Michels Family Financial LLC now owns 18,983 shares of the company’s stock valued at $898,000 after buying an additional 249 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in British American Tobacco by 9.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,871 shares of the company’s stock worth $136,000 after buying an additional 259 shares during the last quarter. 16.16% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

NYSE:BTI opened at $54.86 on Tuesday. British American Tobacco p.l.c. has a 52-week low of $34.82 and a 52-week high of $59.29. The stock has a fifty day simple moving average of $52.99 and a 200-day simple moving average of $51.70. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

BTI has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered shares of British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday, September 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.00.

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.