Cambridge Investment Research Advisors Inc. Purchases 35,087 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Cambridge Investment Research Advisors Inc. raised its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 33.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,843 shares of the company’s stock after purchasing an additional 35,087 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in British American Tobacco were worth $4,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp raised its position in shares of 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 acquiring an additional 30,238 shares in the last quarter. SG Americas Securities LLC raised its position in shares of British American Tobacco by 1,466.5% in the 4th quarter. SG Americas Securities LLC now owns 98,812 shares of the company’s stock worth $2,894,000 after acquiring an additional 92,504 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of British American Tobacco in the 3rd quarter worth $4,036,000. Belpointe Asset Management LLC bought a new position in shares of British American Tobacco in the 3rd quarter worth $1,487,000. Finally, ICICI Prudential Asset Management Co Ltd raised its position in shares of British American Tobacco by 40.1% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 1,394,129 shares of the company’s stock worth $40,834,000 after acquiring an additional 399,359 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

British American Tobacco Stock Down 0.7 %

BTI stock traded down $0.22 on Tuesday, hitting $30.49. 4,190,033 shares of the company’s stock were exchanged, compared to its average volume of 4,659,821. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $34.28. The firm has a 50 day moving average price of $30.15 and a two-hundred day moving average price of $30.11. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67.

Wall Street Analyst Weigh In

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

British American Tobacco Company Profile

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.