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

Seven Eight Capital LP bought a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the second quarter, Holdings Channel.com reports. The fund bought 78,943 shares of the company’s stock, valued at approximately $2,442,000.

Other institutional investors have also recently modified their holdings of the company. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco during the 4th quarter valued at about $26,000. Larson Financial Group LLC boosted its holdings in British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after buying an additional 610 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in British American Tobacco by 92.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after buying an additional 510 shares during the last quarter. Mather Group LLC. boosted its holdings in British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after buying an additional 1,177 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in British American Tobacco by 83.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after buying an additional 550 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Stock Performance

BTI stock opened at $38.01 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The business’s fifty day moving average price is $35.96 and its 200 day moving average price is $32.38.

Analysts Set New Price Targets

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

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.