British American Tobacco Target of Unusually Large Options Trading (NYSE:BTI)

British American Tobacco p.l.c. (NYSE:BTI) was the recipient of some unusual options trading activity on Monday. Investors purchased 16,742 call options on the company. This is an increase of 111% compared to the average volume of 7,936 call options.

British American Tobacco Price Performance

NYSE:BTI opened at $35.42 on Wednesday. The firm’s fifty day moving average is $36.93 and its 200-day moving average is $33.25. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco has a 52 week low of $28.25 and a 52 week high of $39.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTI. O Brien Greene & Co. Inc increased its holdings in British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after buying an additional 289 shares during the last quarter. Grove Bank & Trust boosted its position in British American Tobacco by 11.0% during the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after purchasing an additional 314 shares during the period. 1832 Asset Management L.P. boosted its position in British American Tobacco by 4.2% during the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock worth $274,000 after purchasing an additional 363 shares during the period. MADDEN SECURITIES Corp boosted its position in British American Tobacco by 1.3% during the third quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company’s stock worth $1,132,000 after purchasing an additional 400 shares during the period. Finally, City State Bank boosted its position in British American Tobacco by 26.6% during the third quarter. City State Bank now owns 1,905 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BTI. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd.

British American Tobacco Company Profile

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.