Ritholtz Wealth Management Buys 33,156 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Ritholtz Wealth Management increased its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 155,821 shares of the company’s stock after purchasing an additional 33,156 shares during the quarter. Ritholtz Wealth Management’s holdings in British American Tobacco were worth $5,700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Optimist Retirement Group LLC purchased a new stake in shares of British American Tobacco in the fourth quarter valued at $331,000. Sunpointe LLC purchased a new position in shares of British American Tobacco during the fourth quarter worth approximately $219,000. Virtu Financial LLC boosted its holdings in shares of British American Tobacco by 275.3% in the fourth quarter. Virtu Financial LLC now owns 163,280 shares of the company’s stock valued at $4,782,000 after purchasing an additional 119,778 shares during the period. Centaurus Financial Inc. purchased a new position in British American Tobacco during the 4th quarter worth $121,000. Finally, B. Riley Wealth Advisors Inc. raised its position in British American Tobacco by 13.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,634 shares of the company’s stock valued at $1,039,000 after purchasing an additional 3,999 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI traded up $0.07 during midday trading on Friday, hitting $35.18. 3,653,274 shares of the company’s stock traded hands, compared to its average volume of 4,840,867. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The firm’s fifty day moving average is $36.91 and its 200-day moving average is $33.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BTI. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd. StockNews.com downgraded shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note 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.