Legacy Financial Advisors Inc. Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Legacy Financial Advisors Inc. bought a new stake in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,563 shares of the company’s stock, valued at approximately $296,000.

Several other hedge funds have also recently added to or reduced their stakes in BTI. Atria Investments Inc boosted its stake in British American Tobacco by 19.5% in the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock valued at $2,270,000 after buying an additional 12,150 shares in the last quarter. GAMMA Investing LLC lifted its holdings in British American Tobacco by 79.3% during the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after purchasing an additional 922 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of British American Tobacco by 131.8% during the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after buying an additional 1,590 shares in the last quarter. ORG Partners LLC bought a new stake in British American Tobacco during the 1st quarter worth approximately $732,000. Finally, 1832 Asset Management L.P. raised its position in British American Tobacco by 4.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock valued at $274,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

BTI stock opened at $37.44 on Friday. The stock has a market capitalization of $83.16 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The company has a 50 day moving average price of $36.28 and a 200 day moving average price of $32.53. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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 Company 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.