Seven Eight Capital LP Buys New Shares in British American Tobacco p.l.c. (NYSE:BTI)

Seven Eight Capital LP purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 78,943 shares of the company’s stock, valued at approximately $2,442,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BTI. Heritage Wealth Advisors bought a new stake in British American Tobacco during the fourth quarter worth approximately $26,000. Cape Investment Advisory Inc. boosted its holdings in shares of British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares during the period. Larson Financial Group LLC boosted its holdings in shares of British American Tobacco by 153.7% in the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of British American Tobacco by 83.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock valued at $35,000 after purchasing an additional 550 shares during the period. Finally, Mather Group LLC. raised its stake 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 worth $37,000 after buying an additional 1,177 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Stock Performance

Shares of BTI stock opened at $38.01 on Wednesday. The business has a fifty day moving average of $35.96 and a 200 day moving average of $32.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

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.