Usca Ria LLC acquired a new stake in British American Tobacco PLC (NYSE:BTI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 91,080 shares of the company’s stock, valued at approximately $3,176,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its position in British American Tobacco by 83.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 754 shares of the company’s stock valued at $26,000 after acquiring an additional 342 shares in the last quarter. Lenox Wealth Management Inc. grew its position in British American Tobacco by 153.3% in the 1st quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock valued at $32,000 after acquiring an additional 469 shares in the last quarter. Alera Investment Advisors LLC grew its position in British American Tobacco by 50.1% in the 1st quarter. Alera Investment Advisors LLC now owns 833 shares of the company’s stock valued at $35,000 after acquiring an additional 278 shares in the last quarter. Enterprise Financial Services Corp grew its position in British American Tobacco by 141.7% in the 1st quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock valued at $36,000 after acquiring an additional 506 shares in the last quarter. Finally, Next Capital Management LLC acquired a new position in British American Tobacco in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 6.12% of the company’s stock.

Several equities analysts have weighed in on the company. Morgan Stanley downgraded British American Tobacco from an “equal” rating to an “underweight” rating in a research report on Monday, June 17th. Piper Jaffray Companies downgraded British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $53.00.

NYSE BTI traded down $0.26 during trading on Friday, hitting $36.73. The stock had a trading volume of 1,224,700 shares, compared to its average volume of 1,750,538. The company has a market capitalization of $78.83 billion, a PE ratio of 9.28, a PEG ratio of 1.18 and a beta of 0.86. The company has a quick ratio of 0.39, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average price of $36.98 and a 200 day moving average price of $37.84. British American Tobacco PLC has a twelve month low of $30.67 and a twelve month high of $54.19.

British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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