Gateway Investment Advisers LLC Grows Stock Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Gateway Investment Advisers LLC lifted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 21.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 312,703 shares of the company’s stock after buying an additional 55,078 shares during the quarter. Gateway Investment Advisers LLC’s holdings in British American Tobacco were worth $11,357,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of British American Tobacco in the 3rd quarter valued at about $28,183,000. Bridgewater Associates LP bought a new position in shares of British American Tobacco during the third quarter valued at approximately $27,118,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in British American Tobacco by 3,153.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares during the period. Finally, Kize Capital LP bought a new position in British American Tobacco in the second quarter worth approximately $10,826,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $35.90 on Friday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The business’s fifty day simple moving average is $36.74 and its 200-day simple moving average is $35.96. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The company has a market cap of $79.32 billion, a PE ratio of 7.12 and a beta of 0.52.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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.