Cerity Partners LLC Buys 31,250 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Cerity Partners LLC grew its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 89.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,130 shares of the company’s stock after acquiring an additional 31,250 shares during the quarter. Cerity Partners LLC’s holdings in British American Tobacco were worth $2,419,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BTI. Mather Group LLC. grew its position in British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares in the last quarter. Addison Advisors LLC lifted its position in British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after acquiring an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after purchasing an additional 753 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after acquiring an additional 1,351 shares in the last quarter. Finally, City State Bank grew its stake in shares of British American Tobacco by 26.6% in the third quarter. City State Bank now owns 1,905 shares of the company’s stock valued at $70,000 after acquiring an additional 400 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTI has been the topic of several research reports. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd.

British American Tobacco Price Performance

Shares of BTI stock opened at $37.94 on Monday. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $34.67. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

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.