Ashton Thomas Securities LLC Makes New Investment in British American Tobacco p.l.c. (NYSE:BTI)

Ashton Thomas Securities LLC purchased a new position in shares of British American Tobacco p.l.c. (NYSE:BTI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,789 shares of the company’s stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. boosted its position 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 worth $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC grew its position in shares of British American Tobacco by 79.9% during the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after buying an additional 545 shares during the period. Creative Financial Designs Inc. ADV raised its position 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 valued at $45,000 after acquiring an additional 753 shares during the period. Pathway Financial Advisers LLC bought a new position in British American Tobacco during the 1st quarter worth approximately $46,000. Finally, Bruce G. Allen Investments LLC increased its stake in 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 purchasing an additional 1,351 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays raised British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley lowered 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 research note on Thursday, October 3rd. Finally, StockNews.com lowered 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

Shares of NYSE:BTI opened at $35.16 on Tuesday. The company’s 50-day moving average price is $36.42 and its two-hundred day moving average price is $33.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a one year low of $28.25 and a one year 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.