Brucke Financial Inc. Raises Holdings in British American Tobacco p.l.c. $BTI

Brucke Financial Inc. lifted its stake in British American Tobacco p.l.c. (NYSE:BTI) by 17.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,650 shares of the company’s stock after buying an additional 1,419 shares during the quarter. Brucke Financial Inc.’s holdings in British American Tobacco were worth $457,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lockheed Martin Investment Management Co. boosted its stake in shares of British American Tobacco by 27.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company’s stock worth $5,833,000 after buying an additional 30,600 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new stake in shares of British American Tobacco in the first quarter worth about $375,000. Atria Wealth Solutions Inc. grew its position in shares of British American Tobacco by 28.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock valued at $1,074,000 after acquiring an additional 5,745 shares during the period. Todd Asset Management LLC grew its position in shares of British American Tobacco by 26.9% during the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company’s stock valued at $30,692,000 after acquiring an additional 157,251 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of British American Tobacco by 12.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company’s stock valued at $9,650,000 after acquiring an additional 24,962 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 0.3%

BTI opened at $51.50 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The company’s 50 day simple moving average is $55.39 and its two-hundred day simple moving average is $49.10. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The firm has a market capitalization of $105.82 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 3.56 and a beta of 0.42.

Analyst Ratings Changes

BTI has been the topic of a number of analyst reports. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Argus upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Finally, Jefferies Financial Group began coverage on British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, British American Tobacco currently has a consensus rating of “Hold” and an average price target of $51.00.

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.