British American Tobacco (NYSE:BTI) Sets New 52-Week High at $39.43

British American Tobacco p.l.c. (NYSE:BTI)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.43 and last traded at $39.43, with a volume of 10381 shares traded. The stock had previously closed at $39.17.

Analyst Upgrades and Downgrades

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

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 50-day moving average price of $35.96 and a two-hundred day moving average price of $32.38.

Hedge Funds Weigh In On British American Tobacco

Several institutional investors have recently added to or reduced their stakes in BTI. Heritage Wealth Advisors bought a new stake in shares of British American Tobacco in the 4th quarter valued at $26,000. Cape Investment Advisory Inc. increased its stake in British American Tobacco by 92.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Russell Investments Group Ltd. boosted its position in shares of British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after purchasing an additional 550 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after buying an additional 1,177 shares during the period. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Company 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.