Night Squared LP Invests $9.40 Million in British American Tobacco p.l.c. $BTI

Night Squared LP purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 165,951 shares of the company’s stock, valued at approximately $9,396,000. British American Tobacco makes up approximately 2.6% of Night Squared LP’s portfolio, making the stock its 6th biggest position.

Several other large investors also recently made changes to their positions in BTI. First Command Advisory Services Inc. boosted its stake in shares of British American Tobacco by 1,386.7% during the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after acquiring an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new stake in shares of British American Tobacco during the 4th quarter worth about $26,000. Cary Street Partners Financial LLC bought a new stake in shares of British American Tobacco during the 2nd quarter worth about $30,000. Cornerstone Planning Group LLC boosted its stake in shares of British American Tobacco by 141.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares in the last quarter. Finally, Binnacle Investments Inc boosted its stake in shares of British American Tobacco by 163.2% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the company’s stock worth $40,000 after acquiring an additional 465 shares in the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

NYSE BTI opened at $61.38 on Wednesday. British American Tobacco p.l.c. has a twelve month low of $46.38 and a twelve month high of $67.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $60.51 and a 200 day simple moving average of $59.28.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BTI shares. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.