Trade Report: The Quadrant Capital Group LLC invests in British American Tobacco PLC (BTI) Shares

The Quadrant Capital Group LLC invests in British American Tobacco PLC (BTI) Shares

Quadrant Capital Group LLC raised its stake in British American Tobacco PLC (NYSE:BTI) by 57.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 887 shares of the company’s stock after buying an additional 322 shares during the period. Quadrant Capital Group LLC’s holdings in British American Tobacco PLC were worth $109,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Creative Planning boosted its position in British American Tobacco PLC by 13.2% in the second quarter. Creative Planning now owns 1,984 shares of the company’s stock valued at $257,000 after buying an additional 231 shares during the last quarter. Capstone Asset Management Co. boosted its position in British American Tobacco PLC by 18.5% in the second quarter. Capstone Asset Management Co. now owns 19,493 shares of the company’s stock valued at $2,524,000 after buying an additional 3,040 shares during the last quarter. Eagle Asset Management Inc. boosted its position in British American Tobacco PLC by 13.9% in the second quarter. Eagle Asset Management Inc. now owns 3,212 shares of the company’s stock valued at $415,000 after buying an additional 391 shares during the last quarter. Capital One National Association acquired a new position in British American Tobacco PLC during the second quarter valued at approximately $201,000. Finally, Acadian Asset Management LLC boosted its position in British American Tobacco PLC by 47.4% in the second quarter. Acadian Asset Management LLC now owns 1,129 shares of the company’s stock valued at $146,000 after buying an additional 363 shares during the last quarter.

British American Tobacco PLC (NYSE:BTI) traded down 1.20% during trading on Friday, hitting $121.53. The stock had a trading volume of 445,823 shares. The company has a 50-day moving average of $126.17 and a 200 day moving average of $123.53. The firm has a market cap of $112.90 billion and a P/E ratio of 20.36. British American Tobacco PLC has a 52-week low of $99.81 and a 52-week high of $131.34.

BTI has been the subject of several recent analyst reports. Zacks Investment Research upgraded British American Tobacco PLC from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Wednesday, June 22nd. Goldman Sachs Group Inc. upgraded British American Tobacco PLC from a “sell” rating to a “conviction-buy” rating in a research report on Tuesday, June 28th. Berenberg Bank cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Credit Agricole SA cut British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a research report on Thursday, July 7th. Finally, Barclays PLC cut British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. British American Tobacco PLC currently has a consensus rating of “Hold” and an average price target of $139.00.

British American Tobacco PLC Company Profile

British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.

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