Flagship Harbor Advisors LLC, an investment advisory firm, recently announced that it has increased its position in British American Tobacco p.l.c. (NYSE:BTI) during the second quarter of this year. According to the company’s recent disclosure with the Securities & Exchange Commission (SEC), this boost in holdings represents a significant increase of 57.7%.
As per the disclosure, Flagship Harbor Advisors LLC now owns a total of 29,240 shares of British American Tobacco stock after purchasing an additional 10,700 shares during the specified period. Based on the information provided in the filing, these holdings are estimated to be worth approximately $971,000.
This notable investment by Flagship Harbor Advisors LLC underscores their confidence and belief in the potential growth and value offered by British American Tobacco. The decision to increase their stake also demonstrates their commitment to providing their clients with diversified portfolios that include investments in prestigious and well-established companies such as British American Tobacco.
British American Tobacco is a well-known multinational tobacco company with a strong presence globally. The company engages in the production and sale of cigarettes, cigars, smokeless tobacco products, and other nicotine-containing products. With its wide range of renowned brands like Lucky Strike and Dunhill, among others, British American Tobacco has established itself as a leader in the tobacco industry.
Investors are always keen on understanding the strategies adopted by hedge funds like Flagship Harbor Advisors LLC. To serve this purpose, HoldingChannel.com provides up-to-date information on hedge funds’ positions and activities through regular filings such as Form 13F. For anyone interested in discovering more about what other hedge funds hold regarding British American Tobacco or uncovering insider trades related to this stock, HoldingsChannel.com offers easy access to these valuable insights.
In summary, Flagship Harbor Advisors LLC’s recent announcement regarding its increased position in British American Tobacco reflects their faith in the company’s growth prospects. As investors seek opportunities in various markets, the strategic decisions made by reputable investment firms like Flagship Harbor Advisors LLC can offer valuable guidance and serve as indicators of potential success.
Updated on: 30/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
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Bank of America Securities
Confidence in Growth: Hedge Funds and Institutional Investors Acquire Stakes in British American Tobacco
British American Tobacco (BAT), a global leader in the provision of tobacco and nicotine products, has recently attracted the attention of several hedge funds and institutional investors. Almanack Investment Partners LLC, Sanctuary Wealth Management L.L.C., GPS Wealth Strategies Group LLC, Motco, and Ahrens Investment Partners LLC have all acquired stakes in the company, indicating their confidence in its potential for growth.
Almanack Investment Partners LLC entered the market in the third quarter, buying shares of British American Tobacco worth $25,000. Similarly, Sanctuary Wealth Management L.L.C. made a purchase during the fourth quarter, investing around $27,000. GPS Wealth Strategies Group LLC followed suit in the first quarter with a stake valued at approximately $28,000. As for Motco, they significantly boosted their stake by 1,025.4% during the fourth quarter. They now own 754 shares of British American Tobacco’s stock worth $30,000 after acquiring an additional 687 shares. Finally, Ahrens Investment Partners LLC completed their acquisition during the first quarter with an investment worth approximately $30,000.
It is worth noting that when it comes to British American Tobacco’s ownership structure, institutional investors and hedge funds hold a significant percentage – 7.56% to be precise.
In addition to these investments from notable players in the financial field, equities research analysts have also closely monitored British American Tobacco’s performance. StockNews.com recently initiated coverage on its shares and set a “buy” rating on them. However, Argus took a different stance by downgrading their rating from “buy” to “hold.” These contrasting opinions provide valuable insights into how industry experts perceive British American Tobacco’s future prospects.
For those interested in further exploring who else holds stakes in British American Tobacco (BTI), HoldingsChannel.com provides up-to-date information on 13F filings and insider trades related to the company.
On Tuesday morning trading, shares of BTI opened at $33.65. British American Tobacco p.l.c. has a current ratio of 0.93 and a quick ratio of 0.58, indicating a sound financial position. The company’s debt-to-equity ratio stands at 0.51, suggesting a relatively moderate level of debt.
Over the past year, British American Tobacco’s stock price has fluctuated between $31.62 and $42.36, with the 50-day moving average currently standing at $33.00 and the two-hundred-day moving average at $34.08.
British American Tobacco p.l.c., through its diverse portfolio of brands including 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 products offers consumers worldwide a range of choices in vapour products (e-cigarettes), tobacco heating products (THPs), modern oral nicotine products (MONPs) and traditional oral products such as snus and moist snuff.
With its strategic presence in the global tobacco market and an extensive brand portfolio catering to diverse consumer preferences worldwide for both combustible cigarettes and alternative nicotine delivery systems like vaping and THPs – British American Tobacco continues to play a significant role in meeting consumer demands in the tobacco industry landscape.
(Please note that this article is purely for informational purposes and should not be seen as financial advice or an endorsement of any investment decisions.)