Vector Group (NYSE:VGR)‘s stock had its “hold” rating restated by Zacks Investment Research in a research report issued on Saturday.
According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “
Vector Group (NYSE VGR) opened at $21.55 on Friday. The company has a debt-to-equity ratio of -3.97, a current ratio of 2.61 and a quick ratio of 2.29. Vector Group has a 52-week low of $18.70 and a 52-week high of $23.14. The stock has a market capitalization of $2,915.80, a price-to-earnings ratio of 65.30 and a beta of 0.45.
A number of institutional investors and hedge funds have recently modified their holdings of VGR. Vanguard Group Inc. increased its stake in shares of Vector Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock valued at $187,336,000 after buying an additional 129,372 shares during the period. Royal Bank of Canada increased its stake in shares of Vector Group by 5.1% in the 2nd quarter. Royal Bank of Canada now owns 5,604,718 shares of the company’s stock valued at $119,493,000 after buying an additional 271,168 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Vector Group by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,646,146 shares of the company’s stock valued at $54,168,000 after buying an additional 141,920 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Vector Group by 4.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,302,262 shares of the company’s stock valued at $47,127,000 after buying an additional 90,678 shares during the period. Finally, State Street Corp increased its stake in shares of Vector Group by 4.9% in the 2nd quarter. State Street Corp now owns 2,024,055 shares of the company’s stock valued at $43,152,000 after buying an additional 94,381 shares during the period. Hedge funds and other institutional investors own 47.13% of the company’s stock.
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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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