Addison Advisors LLC Buys 545 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Addison Advisors LLC lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 79.9% in the second quarter, Holdings Channel.com reports. The fund owned 1,227 shares of the company’s stock after acquiring an additional 545 shares during the quarter. Addison Advisors LLC’s holdings in British American Tobacco were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BTI. Capital Research Global Investors raised its position in shares of British American Tobacco by 38.5% during the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock worth $448,625,000 after acquiring an additional 4,259,548 shares during the last quarter. Prevatt Capital Ltd bought a new stake in British American Tobacco in the fourth quarter worth approximately $23,432,000. Natixis Advisors LLC increased its holdings in British American Tobacco by 29.9% in the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after purchasing an additional 614,634 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in British American Tobacco by 384.5% in the second quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after purchasing an additional 259,509 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in British American Tobacco by 42.5% in the first quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock worth $22,035,000 after purchasing an additional 215,305 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

Shares of BTI stock opened at $38.62 on Friday. The stock has a 50 day simple moving average of $34.90 and a two-hundred day simple moving average of $31.92. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $38.68.

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 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.