Loeb Partners Corp cut its position in Vector Group Ltd. (NYSE:VGR) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,127 shares of the company’s stock after selling 6,000 shares during the period. Loeb Partners Corp’s holdings in Vector Group were worth $1,111,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of VGR. Envestnet Asset Management Inc. increased its position in Vector Group by 55.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,746 shares of the company’s stock worth $153,000 after buying an additional 2,411 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Vector Group during the first quarter worth about $167,000. Waldron LP acquired a new position in Vector Group during the first quarter worth about $202,000. Park Avenue Securities LLC acquired a new position in Vector Group during the first quarter worth about $210,000. Finally, Solaris Asset Management LLC increased its position in Vector Group by 3.1% in the first quarter. Solaris Asset Management LLC now owns 12,317 shares of the company’s stock worth $256,000 after buying an additional 375 shares during the last quarter. 47.29% of the stock is currently owned by institutional investors.
Shares of Vector Group Ltd. (NYSE VGR) opened at 21.13 on Friday. The company has a market cap of $2.72 billion, a PE ratio of 57.11 and a beta of 0.46. Vector Group Ltd. has a 12 month low of $19.63 and a 12 month high of $23.24. The company has a 50-day moving average of $20.96 and a 200 day moving average of $21.40.
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, topping analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $472 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, analysts anticipate that Vector Group Ltd. will post $0.67 earnings per share for the current year.
Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Vector Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub downgraded shares of Vector Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, TheStreet cut shares of Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.
About Vector Group
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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