Rhumbline Advisers Has $156,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Rhumbline Advisers boosted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 41.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,058 shares of the company’s stock after purchasing an additional 1,490 shares during the period. Rhumbline Advisers’ holdings in British American Tobacco were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its stake in British American Tobacco by 38.5% in the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after acquiring an additional 4,259,548 shares during the last quarter. Natixis Advisors LLC lifted its stake in British American Tobacco by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after purchasing an additional 614,634 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in British American Tobacco by 384.5% during the second quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after purchasing an additional 259,509 shares during the period. First Eagle Investment Management LLC increased its position in British American Tobacco by 42.5% during the first quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock worth $22,035,000 after buying an additional 215,305 shares during the last quarter. Finally, Morningstar Investment Services LLC acquired a new stake in shares of British American Tobacco in the fourth quarter valued at approximately $6,148,000. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $36.84 on Monday. 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 stock has a market capitalization of $81.83 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 1.98 and a beta of 0.52. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a 50-day simple moving average of $36.79 and a two-hundred day simple moving average of $32.82.

Analyst Upgrades and Downgrades

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

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.