Range Financial Group LLC Grows Stake in British American Tobacco p.l.c. (NYSE:BTI)

Range Financial Group LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTIFree Report) by 41.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,222 shares of the company’s stock after acquiring an additional 10,601 shares during the period. Range Financial Group LLC’s holdings in British American Tobacco were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BTI. Stifel Financial Corp increased its holdings in British American Tobacco by 5.8% in the 3rd quarter. Stifel Financial Corp now owns 554,070 shares of the company’s stock worth $17,403,000 after buying an additional 30,238 shares in the last quarter. SG Americas Securities LLC boosted its holdings in British American Tobacco by 1,466.5% in the fourth quarter. SG Americas Securities LLC now owns 98,812 shares of the company’s stock worth $2,894,000 after purchasing an additional 92,504 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in British American Tobacco during the third quarter valued at $1,487,000. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of British American Tobacco by 40.1% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock worth $40,834,000 after buying an additional 399,359 shares during the last quarter. Finally, FMR LLC raised its position in British American Tobacco by 40.7% in the third quarter. FMR LLC now owns 1,497,162 shares of the company’s stock worth $47,026,000 after acquiring an additional 433,252 shares during the period. 21.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

Get Our Latest Analysis on British American Tobacco

British American Tobacco Stock Up 2.1 %

NYSE BTI traded up $0.66 during trading hours on Monday, reaching $32.36. The company’s stock had a trading volume of 4,329,320 shares, compared to its average volume of 4,679,955. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $34.28. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average price is $30.40 and its 200-day moving average price is $30.08.

British American Tobacco Profile

(Free Report)

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.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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