Crescent Grove Advisors LLC Raises Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Crescent Grove Advisors LLC boosted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 2.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,584 shares of the company’s stock after buying an additional 1,099 shares during the quarter. Crescent Grove Advisors LLC’s holdings in British American Tobacco were worth $2,000,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after acquiring an additional 610 shares during the last quarter. Mather Group LLC. lifted its holdings in British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after buying an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after buying an additional 753 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in British American Tobacco during the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Up 1.0 %

Shares of BTI opened at $35.45 on Wednesday. The firm has a market cap of $78.74 billion, a PE ratio of 7.45 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $36.53 and its two-hundred day moving average is $33.83. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Thursday, October 3rd. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut 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.