British American Tobacco (NYSE:BTI) Hits New 52-Week High – What’s Next?

British American Tobacco p.l.c. (NYSE:BTI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.94 and last traded at $39.93, with a volume of 27272 shares traded. The stock had previously closed at $39.74.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Stock Up 1.0 %

The stock has a fifty day simple moving average of $37.20 and a two-hundred day simple moving average of $36.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in British American Tobacco during the fourth quarter valued at about $77,000. Access Investment Management LLC grew its stake in shares of British American Tobacco by 34.4% during the fourth quarter. Access Investment Management LLC now owns 15,620 shares of the company’s stock valued at $567,000 after buying an additional 4,000 shares during the last quarter. Citizens National Bank Trust Department increased its holdings in shares of British American Tobacco by 12,414.2% in the fourth quarter. Citizens National Bank Trust Department now owns 22,901 shares of the company’s stock worth $832,000 after buying an additional 22,718 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of British American Tobacco by 72.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 47,704 shares of the company’s stock valued at $1,733,000 after acquiring an additional 20,084 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in British American Tobacco by 19.0% during the 4th quarter. Ieq Capital LLC now owns 13,417 shares of the company’s stock valued at $487,000 after acquiring an additional 2,141 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

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.