Jet Capital Investors LP Has Decreased Its British Amern Tob Plc (Call) (BTI) Position by $8.55 Million as Valuation Rose

February 21, 2018 - By Linda Rogers

Matthew Mark decreased its stake in British Amern Tob Plc (Call) (BTI) by 8.45% based on its latest 2017Q3 regulatory filing with the SEC. Jet Capital Investors LP sold 137,900 shares as the company’s stock rose 13.21% with the market. The hedge fund run by Matthew Mark held 1.49M shares of the farming and seeds and milling company at the end of 2017Q3, valued at $93.32M, down from 1.63 million at the end of the previous reported quarter. Jet Capital Investors LP who had been investing in British Amern Tob Plc (Call) for a number of months, seems to be less bullish one the $132.45 billion market cap company. The stock increased 0.10% or $0.06 during the last trading session, reaching $62.49. About 1.61 million shares traded. British American Tobacco p.l.c. (NYSEMKT:BTI) has risen 17.78% since February 21, 2017 and is uptrending. It has outperformed by 1.08% the S&P500.

Jet Capital Investors L P, which manages about $1.55 billion and $2.12 billion US Long portfolio, upped its stake in Federal Nation Mor Srs S Prf (FNMAS) by 591,272 shares to 4.79M shares, valued at $33.40 million in 2017Q3, according to the filing. It also increased its holding in At&T Inc (Put) (NYSE:T) by 398,500 shares in the quarter, for a total of 2.51 million shares, and has risen its stake in Kraft Heinz Co.

Analysts await British American Tobacco p.l.c. (NYSE:BTI) to report earnings on February, 22. BTI’s profit will be $4.24B for 7.81 P/E if the $2.00 EPS becomes a reality.

More notable recent British American Tobacco p.l.c. (NYSE:BTI) news were published by: Journalnow.com which released: “BAT deal for Reynolds American clears first regulatory step” on March 09, 2017, also Marketwatch.com with their article: “British American Tobacco profit jumps on FX effect” published on July 27, 2017, Fool.com published: “Can British American Tobacco Beat Philip Morris in E-Cigs?” on March 10, 2017. More interesting news about British American Tobacco p.l.c. (NYSE:BTI) were released by: Fool.com and their article: “Better Buy: Philip Morris International Inc. vs. British American Tobacco PLC …” published on December 11, 2017 as well as Fool.com‘s news article titled: “Better Buy: The Coca-Cola Co. vs. British American Tobacco PLC (ADR)” with publication date: December 07, 2017.

British American Tobacco p.l.c. (NYSE:BTI) Ratings Coverage

Among 7 analysts covering British Amrcn Tobacco (NYSEMKT:BTI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. British Amrcn Tobacco had 9 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Investec given on Thursday, September 8. On Tuesday, August 25 the stock rating was initiated by Cowen & Co with “Market Perform”. The firm has “Overweight” rating by Piper Jaffray given on Thursday, May 25. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, December 10. Societe Generale upgraded British American Tobacco p.l.c. (NYSE:BTI) on Friday, October 28 to “Buy” rating. As per Tuesday, August 4, the company rating was reinitiated by Bank of America. The firm has “Buy” rating given on Friday, August 4 by Investec. The stock has “Hold” rating by Societe Generale on Friday, July 29. The firm earned “Overweight” rating on Wednesday, November 2 by Morgan Stanley.

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