Signaturefd LLC boosted its position in shares of British American Tobacco PLC (NYSE:BTI) by 31.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,785 shares of the company’s stock after acquiring an additional 1,875 shares during the quarter. Signaturefd LLC’s holdings in British American Tobacco were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Macquarie Group Ltd. lifted its position in British American Tobacco by 21.3% during the 2nd quarter. Macquarie Group Ltd. now owns 146,711 shares of the company’s stock worth $7,402,000 after acquiring an additional 25,811 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of British American Tobacco by 2.9% in the 2nd quarter. Sterling Capital Management LLC now owns 33,253 shares of the company’s stock valued at $1,678,000 after buying an additional 948 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of British American Tobacco in the 2nd quarter valued at about $130,000. OLD Mission Capital LLC lifted its holdings in shares of British American Tobacco by 6.3% in the 2nd quarter. OLD Mission Capital LLC now owns 228,493 shares of the company’s stock valued at $11,527,000 after buying an additional 13,572 shares during the period. Finally, OmniStar Financial Group Inc. lifted its holdings in shares of British American Tobacco by 13.4% in the 2nd quarter. OmniStar Financial Group Inc. now owns 8,529 shares of the company’s stock valued at $430,000 after buying an additional 1,005 shares during the period. 7.69% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on BTI. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Royal Bank of Canada cut British American Tobacco to an “underperform” rating in a report on Monday, September 3rd. Finally, Jefferies Financial Group cut British American Tobacco to a “buy” rating in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.00.

Shares of BTI stock opened at $48.31 on Friday. The stock has a market capitalization of $104.46 billion, a PE ratio of 13.13, a P/E/G ratio of 1.64 and a beta of 1.00. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. British American Tobacco PLC has a 52-week low of $46.07 and a 52-week high of $71.44.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, 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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