Caprock Group LLC Takes $1.43 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Caprock Group 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 filing with the SEC. The institutional investor acquired 38,239 shares of the company’s stock, valued at approximately $1,428,000.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in shares of British American Tobacco by 35.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after purchasing an additional 54,555 shares during the last quarter. Bank of Montreal Can grew its position in British American Tobacco by 26.2% during the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock worth $3,658,000 after acquiring an additional 23,626 shares during the last quarter. Atria Investments Inc grew its position in British American Tobacco by 19.5% during the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares during the last quarter. Russell Investments Group Ltd. grew its position in British American Tobacco by 131.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Auxier Asset Management grew its position in British American Tobacco by 16.0% during the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock worth $5,778,000 after acquiring an additional 25,800 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on BTI. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research report on Thursday, October 3rd. Finally, Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Price Performance

Shares of BTI stock opened at $37.08 on Thursday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The business’s 50 day moving average price is $36.02 and its 200-day moving average price is $34.29. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

British American Tobacco Profile

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.