K2 Principal Fund L.P. 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 & Exchange Commission. The firm acquired 20,000 shares of the company’s stock, valued at approximately $1,249,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN lifted its stake in British American Tobacco p.l.c. by 908.6% in the third quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after purchasing an additional 1,472 shares during the last quarter. D. Scott Neal Inc. bought a new stake in British American Tobacco p.l.c. in the third quarter worth about $106,000. FTB Advisors Inc. lifted its stake in British American Tobacco p.l.c. by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after purchasing an additional 174 shares during the last quarter. Alpha Omega Wealth Management LLC bought a new stake in British American Tobacco p.l.c. in the third quarter worth about $114,000. Finally, Thompson Davis & CO. Inc. lifted its stake in British American Tobacco p.l.c. by 426.4% in the third quarter. Thompson Davis & CO. Inc. now owns 1,911 shares of the company’s stock worth $119,000 after purchasing an additional 1,548 shares during the last quarter. 7.20% of the stock is owned by institutional investors and hedge funds.

British American Tobacco p.l.c. (NYSE:BTI) opened at $66.78 on Friday. British American Tobacco p.l.c. has a 12 month low of $53.78 and a 12 month high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Goldman Sachs Group Inc raised shares of British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Investec raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. Finally, UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $71.25.

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British American Tobacco p.l.c. Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Institutional Ownership by Quarter for British American Tobacco p.l.c. (NYSE:BTI)

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