Centaurus Financial Inc. Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Centaurus Financial Inc. purchased a new position in British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,133 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of British American Tobacco by 27.5% in the third quarter. Citigroup Inc. now owns 70,727 shares of the company’s stock worth $2,222,000 after acquiring an additional 15,234 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of British American Tobacco by 3.8% in the third quarter. PNC Financial Services Group Inc. now owns 122,581 shares of the company’s stock worth $3,850,000 after acquiring an additional 4,514 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of British American Tobacco by 34.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,568,285 shares of the company’s stock worth $80,670,000 after acquiring an additional 650,979 shares during the period. FMR LLC boosted its stake in shares of British American Tobacco by 40.7% in the third quarter. FMR LLC now owns 1,497,162 shares of the company’s stock worth $47,026,000 after acquiring an additional 433,252 shares during the period. Finally, Rathbones Group PLC bought a new position in shares of British American Tobacco in the third quarter worth about $941,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Price Performance

Shares of British American Tobacco stock opened at $31.12 on Thursday. The stock has a 50 day moving average of $30.29 and a 200 day moving average of $30.07. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $34.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59.

Analysts Set New Price Targets

Separately, StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

About British American Tobacco

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.