Renaissance Technologies LLC Purchases 528,200 Shares of British American Tobacco p.l.c. $BTI

Renaissance Technologies LLC raised its position in British American Tobacco p.l.c. (NYSE:BTI) by 994.7% during the first quarter, Holdings Channel reports. The firm owned 581,299 shares of the company’s stock after purchasing an additional 528,200 shares during the period. Renaissance Technologies LLC’s holdings in British American Tobacco were worth $33,989,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. AlphaCore Capital LLC raised its stake in British American Tobacco by 1.6% during the fourth quarter. AlphaCore Capital LLC now owns 10,849 shares of the company’s stock worth $614,000 after buying an additional 170 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in British American Tobacco by 3.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,996 shares of the company’s stock valued at $283,000 after acquiring an additional 181 shares during the last quarter. NewEdge Wealth LLC grew its holdings in British American Tobacco by 0.3% during the 4th quarter. NewEdge Wealth LLC now owns 58,696 shares of the company’s stock worth $3,323,000 after acquiring an additional 187 shares during the period. Renasant Bank grew its holdings in British American Tobacco by 4.8% during 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 raised its position in shares of British American Tobacco by 3.8% in the 1st quarter. Intrua Financial LLC now owns 5,306 shares of the company’s stock worth $310,000 after acquiring an additional 196 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Price Performance

Shares of BTI opened at $62.34 on Wednesday. British American Tobacco p.l.c. has a one year low of $49.88 and a one year high of $67.30. The stock has a 50-day moving average of $61.41 and a 200-day moving average of $60.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. BTIG Research initiated coverage on British American Tobacco in a research note on Tuesday, July 21st. They issued a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Finally, Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average 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.