British American Tobacco (NYSE:BTI) Reaches New 52-Week High at $37.28

British American Tobacco p.l.c. (NYSE:BTI) shares reached a new 52-week high on Thursday . The company traded as high as $37.28 and last traded at $37.22, with a volume of 49304 shares changing hands. The stock had previously closed at $37.17.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Trading Up 0.6 %

The firm has a market cap of $83.40 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.88 and a beta of 0.52. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $34.15 and its 200 day simple moving average is $31.60.

Institutional Trading of British American Tobacco

Several hedge funds have recently added to or reduced their stakes in BTI. International Assets Investment Management LLC bought a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $25,660,000. GAMMA Investing LLC bought a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $34,000. Yousif Capital Management LLC raised its position in shares of British American Tobacco by 7.6% in the fourth quarter. Yousif Capital Management LLC now owns 39,379 shares of the company’s stock valued at $1,153,000 after purchasing an additional 2,780 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of British American Tobacco by 9.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 26,189 shares of the company’s stock valued at $778,000 after purchasing an additional 2,283 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of British American Tobacco by 83.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after purchasing an additional 550 shares during the period. Institutional investors own 21.44% of the company’s stock.

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.