Nine Chapters Capital Management LLC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,400 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in British American Tobacco p.l.c. by 14.7% during the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock valued at $1,900,434,000 after purchasing an additional 3,557,549 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of British American Tobacco p.l.c. by 16.3% in the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock worth $1,064,590,000 after buying an additional 2,181,462 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of British American Tobacco p.l.c. by 817.0% in the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock worth $159,709,000 after buying an additional 2,076,034 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of British American Tobacco p.l.c. by 0.3% in the second quarter. Northern Trust Corp now owns 2,089,238 shares of the company’s stock worth $143,197,000 after buying an additional 7,233 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc. lifted its holdings in shares of British American Tobacco p.l.c. by 1.0% in the second quarter. Schafer Cullen Capital Management Inc. now owns 1,278,569 shares of the company’s stock worth $87,633,000 after buying an additional 12,365 shares in the last quarter. 4.80% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on BTI. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Thursday, August 3rd. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of British American Tobacco p.l.c. in a report on Friday, August 11th. Finally, SBG Securities raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. British American Tobacco p.l.c. presently has an average rating of “Buy” and a consensus price target of $69.00.

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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).

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

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