According to recent media reports, Sage Rhino Capital LLC has increased its stake in British American Tobacco p.l.c. (NYSE: BTI) by 7.2% in the third quarter of this year.
According to a recent 13F filing with the Securities & Exchange Commission (SEC), the company purchased an additional 476 shares in the third quarter, bringing its total holdings to 7,102 shares. Based on the submitted document, Ameri-Rhino Capital Limited currently holds a total value of $223,000 worth of British American Tobacco stocks.
In addition to Rhinoceros Capital Americas, several other institutional investors and hedge funds have also made changes to their holdings in British American Tobacco.
During the third quarter, Almanack Investment Partners Limited purchased new stocks of British American Tobacco worth $25,000. In the second quarter, Spotlight Asset Group bought new stocks of British American Tobacco worth $26,000. Sanctuary Wealth Management Limited bought new stocks of British American Tobacco worth $27,000 in the fourth quarter. Steward Financial Group purchased new stocks of British American Tobacco worth $28,000 in the second quarter. Lastly, CENTRAL TRUST company increased its investment in British American Tobacco by purchasing an additional 545 shares during the third quarter, bringing the total investment value to $31,000. Institutional investors currently hold 7.56% of the company's shares.
Recently, several brokerage firms have released reports on BTI. StockNews.com upgraded its rating on British American Tobacco from "hold" to "buy" in a research report on November 29th. Morgan Stanley initiated research coverage on British American Tobacco on November 1st and gave it an "overweight" rating. Citigroup began researching British American Tobacco's stock on September 25th and gave the company a "buy" rating. Two analysts rated the stock as "hold" while three analysts gave it a "buy" rating. According to MarketBeat's data, the stock currently has an average rating of "moderate buy".
On January 10th, shares of British American Tobacco opened at $30.32. The stock's 50-day simple moving average stood at $30.49, while its 200-day simple moving average was $31.67. The company's debt-to-equity ratio is 0.51, cash ratio is 0.58, and current ratio is 0.93. British American Tobacco PLC hit a 52-week low of $28.35 and a high of $39.56.
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