British American Tobacco (NYSE:BTI) Sees Large Volume Increase – Here’s What Happened

British American Tobacco p.l.c. (NYSE:BTI) saw unusually-strong trading volume on Monday . Approximately 5,546,716 shares traded hands during trading, an increase of 83% from the previous session’s volume of 3,037,957 shares.The stock last traded at $35.21 and had previously closed at $35.90.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Price Performance

The company has a market capitalization of $78.04 billion, a P/E ratio of 7.37 and a beta of 0.52. 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 moving average price of $36.73 and a 200 day moving average price of $35.90.

Hedge Funds Weigh In On British American Tobacco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTI. Versant Capital Management Inc acquired a new position in shares of British American Tobacco during the 4th quarter worth $34,000. ORG Partners LLC lifted its position in British American Tobacco by 35.1% in the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after purchasing an additional 299 shares during the period. Kieckhefer Group LLC bought a new stake in British American Tobacco in the 4th quarter valued at $44,000. Creative Financial Designs Inc. ADV raised its holdings in shares of British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after acquiring an additional 748 shares in the last quarter. 16.16% of the stock is owned by institutional investors.

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.