Night Squared LP Purchases Shares of 165,951 British American Tobacco p.l.c. $BTI

Night Squared LP purchased a new stake in British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 165,951 shares of the company’s stock, valued at approximately $9,396,000. British American Tobacco comprises approximately 2.6% of Night Squared LP’s investment portfolio, making the stock its 6th largest holding.

Several other large investors have also recently added to or reduced their stakes in BTI. Capital World Investors raised its holdings in British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after acquiring an additional 9,397,693 shares in the last quarter. Orbis Allan Gray Ltd raised its holdings in British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after acquiring an additional 2,482,737 shares in the last quarter. Capital International Investors raised its holdings in British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after acquiring an additional 1,891,042 shares in the last quarter. Bank of America Corp DE raised its holdings in British American Tobacco by 29.5% in the 3rd quarter. Bank of America Corp DE now owns 6,934,792 shares of the company’s stock valued at $368,099,000 after acquiring an additional 1,578,860 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in British American Tobacco by 85.1% in the 2nd quarter. Raymond James Financial Inc. now owns 2,757,559 shares of the company’s stock valued at $130,515,000 after acquiring an additional 1,267,425 shares in the last quarter. Institutional investors and hedge funds own 16.16% of the company’s stock.

Analysts Set New Price Targets

BTI has been the subject of several recent research reports. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Up 0.5%

BTI stock opened at $61.38 on Wednesday. British American Tobacco p.l.c. has a 1-year low of $46.38 and a 1-year high of $67.30. The business’s 50 day moving average is $60.51 and its 200-day moving average is $59.28. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.66.

British American Tobacco Company 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.