E Fund Management Hong Kong Co. Ltd. Takes $88,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,417 shares of the company’s stock, valued at approximately $88,000.

A number of other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in shares of British American Tobacco in the fourth quarter valued at $34,000. ORG Partners LLC grew its stake in British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares during the last quarter. Kieckhefer Group LLC bought a new position in British American Tobacco in the 4th quarter valued at about $44,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after acquiring an additional 753 shares during the period. Finally, Continuum Advisory LLC grew its position in shares of British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BTI. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 3rd. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Price Performance

NYSE:BTI opened at $37.93 on Monday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $36.91 and a 200-day moving average price of $36.21.

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.