Kieckhefer Group LLC Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Kieckhefer Group LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,200 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds have also made changes to their positions in BTI. Versant Capital Management Inc acquired a new stake in shares of British American Tobacco during the fourth quarter worth about $34,000. ORG Partners LLC grew its position in shares of British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in 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 valued at $45,000 after purchasing an additional 753 shares during the last quarter. Continuum Advisory LLC grew its position in British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after buying an additional 1,351 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note 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 British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of British American Tobacco stock traded down $0.78 during trading on Monday, hitting $35.12. 1,921,000 shares of the company were exchanged, compared to its average volume of 2,442,184. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $36.73 and a 200 day moving average price of $35.90. The stock has a market capitalization of $77.60 billion, a price-to-earnings ratio of 7.33 and a beta of 0.52. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54.

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.