Manning & Napier Group LLC Boosts Stake in British American Tobacco PLC (BTI)

Manning & Napier Group LLC lifted its stake in shares of British American Tobacco PLC (NYSE:BTI) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,101,454 shares of the company’s stock after buying an additional 44,666 shares during the period. Manning & Napier Group LLC owned approximately 0.05% of British American Tobacco worth $51,359,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BTI. Jane Street Group LLC lifted its position in British American Tobacco by 497.3% during the second quarter. Jane Street Group LLC now owns 1,895,166 shares of the company’s stock valued at $95,611,000 after purchasing an additional 1,577,899 shares during the period. BlackRock Inc. lifted its position in British American Tobacco by 77.7% during the first quarter. BlackRock Inc. now owns 3,414,126 shares of the company’s stock valued at $196,961,000 after purchasing an additional 1,492,324 shares during the period. Gardner Russo & Gardner LLC lifted its position in British American Tobacco by 11,854.1% during the second quarter. Gardner Russo & Gardner LLC now owns 1,254,227 shares of the company’s stock valued at $63,421,000 after purchasing an additional 1,243,735 shares during the period. Summit Trail Advisors LLC lifted its position in British American Tobacco by 3,368.5% during the first quarter. Summit Trail Advisors LLC now owns 200,237 shares of the company’s stock valued at $200,000 after purchasing an additional 194,464 shares during the period. Finally, Charles Schwab Investment Advisory Inc. acquired a new position in British American Tobacco during the second quarter valued at $9,130,000. Institutional investors and hedge funds own 7.67% of the company’s stock.

BTI opened at $44.92 on Thursday. British American Tobacco PLC has a fifty-two week low of $43.53 and a fifty-two week high of $71.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. The firm has a market capitalization of $99.37 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.53 and a beta of 1.00.

A number of research analysts recently issued reports on BTI shares. Jefferies Financial Group downgraded shares of British American Tobacco to a “buy” rating in a research report on Friday, August 24th. Royal Bank of Canada cut shares of British American Tobacco to an “underperform” rating in a report on Monday, September 3rd. Finally, Zacks Investment Research raised shares of British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $73.00.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

Recommended Story: Analyzing a company’s cash flow statement

Want to see what other hedge funds are holding BTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for British American Tobacco PLC (NYSE:BTI).

Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply