Maple Rock Capital Partners Inc. Has $133.77 Million Position in British American Tobacco p.l.c. $BTI

Maple Rock Capital Partners Inc. boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 36.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,166,000 shares of the company’s stock after acquiring an additional 576,900 shares during the period. British American Tobacco accounts for about 2.7% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 11th biggest position. Maple Rock Capital Partners Inc. owned about 0.11% of British American Tobacco worth $133,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. raised its stake in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after purchasing an additional 416 shares in the last quarter. Glen Eagle Advisors LLC bought a new position in shares of British American Tobacco in the 4th quarter valued at $26,000. Cornerstone Planning Group LLC boosted its stake in shares of British American Tobacco by 141.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after purchasing an additional 346 shares in the last quarter. SHP Wealth Management acquired a new stake in British American Tobacco during the 4th quarter worth approximately $35,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of British American Tobacco in the second quarter worth $30,000. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Down 1.0%

Shares of BTI opened at $55.59 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.50 and a current ratio of 0.84. British American Tobacco p.l.c. has a 1 year low of $49.88 and a 1 year high of $67.30. The stock’s fifty day moving average price is $59.58 and its two-hundred day moving average price is $59.91.

British American Tobacco (NYSE:BTI) last posted its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($1.10). The firm had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $16.42 billion. As a group, equities research analysts anticipate that British American Tobacco p.l.c. will post 4.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BTI. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. BTIG Research started coverage on British American Tobacco in a research report on Tuesday, July 21st. They issued a “buy” rating for the company. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada reissued an “underperform” rating on shares of British American Tobacco in a research note on Tuesday, August 11th. Finally, Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

British American Tobacco Company Profile

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.