ABC Arbitrage SA Has $40.93 Million Stock Holdings in British American Tobacco p.l.c. $BTI

ABC Arbitrage SA cut its position in British American Tobacco p.l.c. (NYSE:BTI) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 771,023 shares of the company’s stock after selling 91,229 shares during the quarter. British American Tobacco comprises 4.0% of ABC Arbitrage SA’s holdings, making the stock its 4th biggest position. ABC Arbitrage SA’s holdings in British American Tobacco were worth $40,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in shares of British American Tobacco by 35.2% during the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock worth $1,155,000 after buying an additional 7,270 shares during the period. Sivia Capital Partners LLC raised its stake in British American Tobacco by 42.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after acquiring an additional 2,521 shares in the last quarter. US Bancorp DE boosted its position in British American Tobacco by 12.7% during the 2nd quarter. US Bancorp DE now owns 103,440 shares of the company’s stock worth $4,896,000 after acquiring an additional 11,636 shares during the period. IFP Advisors Inc grew its stake in shares of British American Tobacco by 5.0% in the second quarter. IFP Advisors Inc now owns 17,600 shares of the company’s stock worth $833,000 after purchasing an additional 845 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of British American Tobacco by 19.2% during the second quarter. Concurrent Investment Advisors LLC now owns 8,715 shares of the company’s stock valued at $413,000 after purchasing an additional 1,403 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $60.17 on Wednesday. British American Tobacco p.l.c. has a 1 year low of $37.31 and a 1 year high of $63.03. The firm’s 50 day moving average price is $57.88 and its two-hundred day moving average price is $55.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.55 and a current ratio of 0.87.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BTI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of British American Tobacco in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Finally, Kepler Capital Markets began coverage on British American Tobacco in a research note on Friday, December 12th. They set a “buy” rating for the company. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.