Blue Fin Capital Inc. increased its position in Vector Group Ltd. (NYSE:VGR) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,273 shares of the company’s stock after buying an additional 500 shares during the period. Blue Fin Capital Inc.’s holdings in Vector Group were worth $368,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of VGR. Vanguard Group Inc. boosted its stake in shares of Vector Group by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock worth $180,077,000 after buying an additional 288,771 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Vector Group by 14.3% in the first quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock worth $156,892,000 after buying an additional 942,683 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Vector Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,380,984 shares of the company’s stock worth $49,524,000 after buying an additional 22,806 shares during the last quarter. State Street Corp boosted its stake in shares of Vector Group by 7.6% in the first quarter. State Street Corp now owns 1,929,674 shares of the company’s stock worth $40,137,000 after buying an additional 136,772 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Vector Group by 4.5% in the second quarter. Acadian Asset Management LLC now owns 1,414,466 shares of the company’s stock worth $30,158,000 after buying an additional 61,204 shares during the last quarter. Institutional investors and hedge funds own 47.18% of the company’s stock.
Shares of Vector Group Ltd. (NYSE:VGR) opened at 21.12 on Friday. The firm has a 50-day moving average price of $21.01 and a 200-day moving average price of $21.44. Vector Group Ltd. has a 12 month low of $19.63 and a 12 month high of $23.24. The stock has a market cap of $2.72 billion, a PE ratio of 57.08 and a beta of 0.46.
Vector Group (NYSE:VGR) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The business had revenue of $472 million during the quarter, compared to analysts’ expectations of $449.40 million. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Equities analysts forecast that Vector Group Ltd. will post $0.67 EPS for the current year.
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VGR has been the subject of a number of analyst reports. BidaskClub cut Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.
In other news, insider Howard M. Lorber sold 226,834 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.36, for a total value of $4,845,174.24. Following the completion of the transaction, the insider now owns 436,665 shares of the company’s stock, valued at approximately $9,327,164.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.90% of the company’s stock.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
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