AQR Capital Management LLC Buys New Stake in British American Tobacco p.l.c. (NYSE:BTI)

AQR Capital Management LLC acquired a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,198 shares of the company’s stock, valued at approximately $408,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new stake in shares of British American Tobacco during the 4th quarter worth approximately $121,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of British American Tobacco by 13.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,634 shares of the company’s stock valued at $1,039,000 after purchasing an additional 3,999 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of British American Tobacco in the 4th quarter worth $440,000. Moody National Bank Trust Division boosted its holdings in British American Tobacco by 6.3% in the first quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock worth $238,000 after acquiring an additional 465 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of British American Tobacco by 8.5% during the first quarter. CWM LLC now owns 15,889 shares of the company’s stock valued at $485,000 after acquiring an additional 1,244 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

British American Tobacco Trading Down 0.1 %

Shares of BTI stock opened at $35.42 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company’s 50-day moving average price is $36.93 and its 200-day moving average price is $33.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

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.