Freestone Capital Holdings LLC Makes New $330,000 Investment in British American Tobacco p.l.c. (NYSE:BTI)

Freestone Capital Holdings LLC purchased a new stake in shares of British American Tobacco p.l.c. (NYSE:BTI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,832 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Intrust Bank NA boosted its position in shares of British American Tobacco by 3.5% during the 4th quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock valued at $332,000 after acquiring an additional 380 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in British American Tobacco by 3.8% in the 1st quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after buying an additional 402 shares during the period. Dearborn Partners LLC raised its holdings in British American Tobacco by 5.0% in the 1st quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock valued at $270,000 after buying an additional 425 shares during the period. Moody National Bank Trust Division raised its holdings in British American Tobacco by 6.3% in the 1st quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock valued at $238,000 after buying an additional 465 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in British American Tobacco by 1.8% in the 4th quarter. Venturi Wealth Management LLC now owns 27,696 shares of the company’s stock valued at $811,000 after buying an additional 482 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

NYSE:BTI traded up $0.43 on Friday, reaching $35.16. 5,552,974 shares of the company’s stock were exchanged, compared to its average volume of 3,698,282. The company has a quick ratio of 0.59, a current ratio of 0.91 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $31.66 and a 200-day moving average of $30.57. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $35.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Friday.

British American Tobacco 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.