Logan Capital Management Inc. Has $4.66 Million Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Logan Capital Management Inc. lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,404 shares of the company’s stock after acquiring an additional 4,120 shares during the quarter. Logan Capital Management Inc.’s holdings in British American Tobacco were worth $4,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTI. Oppenheimer Asset Management Inc. increased its stake in shares of British American Tobacco by 35.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock valued at $7,599,000 after buying an additional 54,555 shares during the period. Bank of Montreal Can grew its stake in shares of British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock worth $3,658,000 after purchasing an additional 23,626 shares during the last quarter. Cerity Partners LLC increased its holdings in British American Tobacco by 89.6% in the third quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock valued at $2,419,000 after purchasing an additional 31,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% in the 3rd 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 last quarter. Finally, Bridgewater Associates LP acquired a new stake in shares of British American Tobacco in the third quarter valued at about $27,118,000. Institutional investors own 16.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BTI. 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 report on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of BTI stock opened at $37.65 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. 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 stock has a 50 day simple moving average of $36.08 and a two-hundred day simple moving average of $35.07.

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.