Independent Advisor Alliance Purchases 1,803 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Independent Advisor Alliance boosted its position in British American Tobacco p.l.c. (NYSE:BTI) by 11.2% in the third quarter, HoldingsChannel reports. The firm owned 17,937 shares of the company’s stock after buying an additional 1,803 shares during the quarter. Independent Advisor Alliance’s holdings in British American Tobacco were worth $656,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in shares of British American Tobacco by 29.9% during the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after acquiring an additional 614,634 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after acquiring an additional 554,491 shares during the period. Kize Capital LP bought a new position in shares of British American Tobacco during the 2nd quarter valued at approximately $10,826,000. Gateway Investment Advisers LLC grew its position in shares of British American Tobacco by 384.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock valued at $10,114,000 after acquiring an additional 259,509 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of British American Tobacco during the 2nd quarter valued at approximately $6,153,000. 21.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BTI shares. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Stock Up 0.6 %

Shares of BTI stock opened at $37.95 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The firm’s 50 day moving average is $35.90 and its 200 day moving average is $34.55. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.54.

About British American Tobacco

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.