Transmarket Holdings LP Purchases 165,036 Shares of British American Tobacco p.l.c. $BTI

Transmarket Holdings LP acquired a new position in British American Tobacco p.l.c. (NYSE:BTI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 165,036 shares of the company’s stock, valued at approximately $8,978,000. British American Tobacco comprises about 5.0% of Transmarket Holdings LP’s portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in British American Tobacco by 34.4% during the first quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock valued at $569,313,000 after purchasing an additional 2,494,576 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of British American Tobacco by 3,899.7% in the first quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock worth $137,658,000 after purchasing an additional 2,303,743 shares in the last quarter. NewEdge Advisors LLC raised its holdings in British American Tobacco by 710.3% during the 2nd quarter. NewEdge Advisors LLC now owns 748,245 shares of the company’s stock valued at $46,212,000 after acquiring an additional 655,908 shares during the period. Maple Rock Capital Partners Inc. lifted its position in shares of British American Tobacco by 36.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 2,166,000 shares of the company’s stock worth $133,772,000 after acquiring an additional 576,900 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of British American Tobacco by 75.3% during the first quarter. Sei Investments Co. now owns 1,303,646 shares of the company’s stock worth $76,223,000 after acquiring an additional 559,858 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morningstar upgraded British American Tobacco to a “buy” rating in a research report on Thursday, September 10th. BTIG Research assumed coverage on British American Tobacco in a report on Tuesday, July 21st. They set a “buy” rating on the stock. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada restated a “sell” rating on shares of British American Tobacco in a research note on Friday, September 11th. Finally, SBG Securities raised British American Tobacco to a “buy” rating in a report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, British American Tobacco has an average rating of “Moderate Buy” and a consensus target price of $68.10.

British American Tobacco Stock Performance

Shares of NYSE:BTI opened at $59.76 on Thursday. The company has a 50 day moving average of $56.29 and a 200 day moving average of $59.07. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco p.l.c. has a 12 month low of $50.84 and a 12 month high of $67.30.

British American Tobacco (NYSE:BTI) last posted its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($1.10). The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $16.42 billion. On average, sell-side analysts expect that British American Tobacco p.l.c. will post 4.79 EPS for the current fiscal year.

British American Tobacco Company Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.