Concurrent Investment Advisors LLC Boosts Stake in British American Tobacco p.l.c. $BTI

Concurrent Investment Advisors LLC raised its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 61.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 28,311 shares of the company’s stock after buying an additional 10,756 shares during the period. Concurrent Investment Advisors LLC’s holdings in British American Tobacco were worth $1,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BTI. AlphaCore Capital LLC increased its position in British American Tobacco by 1.6% during the 4th quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after purchasing an additional 170 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of British American Tobacco by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after buying an additional 181 shares during the last quarter. Empowered Funds LLC boosted its position in British American Tobacco by 3.1% during the first quarter. Empowered Funds LLC now owns 6,184 shares of the company’s stock worth $362,000 after acquiring an additional 186 shares during the last quarter. Renasant Bank grew its stake in British American Tobacco by 4.8% in the 1st quarter. Renasant Bank now owns 4,152 shares of the company’s stock worth $243,000 after acquiring an additional 192 shares during the period. Finally, Intrua Financial LLC lifted its stake in shares of British American Tobacco by 3.8% during the 1st quarter. Intrua Financial LLC now owns 5,306 shares of the company’s stock worth $310,000 after purchasing an additional 196 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

Shares of BTI stock opened at $54.33 on Thursday. British American Tobacco p.l.c. has a twelve month low of $49.88 and a twelve month high of $67.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84. The firm has a fifty day simple moving average of $58.68 and a 200-day simple moving average of $59.69.

British American Tobacco (NYSE:BTI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $16.42 billion. Equities analysts expect that British American Tobacco p.l.c. will post 4.86 EPS for the current year.

Wall Street Analyst Weigh In

BTI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. BTIG Research initiated coverage on shares of British American Tobacco in a research note on Tuesday, July 21st. They set a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating and issued a $68.10 target price on shares of British American Tobacco in a research report on Monday. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of British American Tobacco in a research report on Tuesday, August 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average target price of $68.10.

British American Tobacco Company Profile

British American Tobacco p.l.c. is a multinational consumer products company focused primarily on tobacco and nicotine products. Its portfolio includes combustible cigarettes, roll-your-own tobacco, cigars and heated tobacco products, as well as newer categories such as vapor products and modern oral nicotine products.

The company markets a range of internationally recognized brands, including Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport. Through its U.S. business, Reynolds American, BAT also owns or markets brands such as Camel and Natural American Spirit.