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

Shares of British American Tobacco p.l.c. (NYSE:BTI) reached a new 52-week high on Monday . The company traded as high as $42.10 and last traded at $42.03, with a volume of 747388 shares traded. The stock had previously closed at $41.76.

Analyst Ratings Changes

BTI has been the subject of several research analyst reports. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.

British American Tobacco Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The company has a fifty day simple moving average of $37.56 and a two-hundred day simple moving average of $36.81.

Institutional Investors Weigh In On British American Tobacco

Several hedge funds have recently modified their holdings of BTI. FMR LLC raised its holdings in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after purchasing an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC grew its position in shares of British American Tobacco by 4.8% in the 4th quarter. Natixis Advisors LLC now owns 3,010,687 shares of the company’s stock worth $109,348,000 after buying an additional 137,231 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of British American Tobacco during the 4th quarter worth approximately $55,620,000. First Eagle Investment Management LLC lifted its position in British American Tobacco by 13.0% during the fourth quarter. First Eagle Investment Management LLC now owns 967,976 shares of the company’s stock valued at $35,157,000 after acquiring an additional 111,033 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in British American Tobacco in the fourth quarter valued at approximately $31,480,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

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.