46,253 Shares in Vector Group Ltd (VGR) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new position in shares of Vector Group Ltd (NYSE:VGR) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 46,253 shares of the company’s stock, valued at approximately $637,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VGR. Bank of Montreal Can increased its holdings in Vector Group by 28.7% in the 2nd quarter. Bank of Montreal Can now owns 15,128 shares of the company’s stock worth $288,000 after acquiring an additional 3,371 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Vector Group in the 2nd quarter worth $556,000. Commonwealth Equity Services LLC increased its holdings in Vector Group by 168.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 211,837 shares of the company’s stock worth $4,042,000 after acquiring an additional 133,048 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Vector Group by 154.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 204,040 shares of the company’s stock worth $3,893,000 after acquiring an additional 123,950 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Vector Group in the 2nd quarter worth $1,423,000. Institutional investors own 49.08% of the company’s stock.

In other news, major shareholder Phillip Md Et Al Frost sold 145,609 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $14.19, for a total transaction of $2,066,191.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bennett S. Lebow sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $12.47, for a total transaction of $1,247,000.00. Following the sale, the director now directly owns 1,595,306 shares of the company’s stock, valued at approximately $19,893,465.82. The disclosure for this sale can be found here. Insiders have sold 2,845,779 shares of company stock valued at $38,791,715 in the last ninety days. Insiders own 12.50% of the company’s stock.

VGR has been the subject of several recent analyst reports. ValuEngine lowered shares of Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Zacks Investment Research lowered shares of Vector Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. UBS Group lowered shares of Vector Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 3rd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Vector Group in a report on Wednesday, October 3rd.

Vector Group stock opened at $12.31 on Tuesday. Vector Group Ltd has a 52-week low of $12.16 and a 52-week high of $23.14. The firm has a market cap of $1.78 billion, a PE ratio of 21.60 and a beta of 0.28.

Vector Group (NYSE:VGR) last released its earnings results on Wednesday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. Vector Group had a net margin of 4.29% and a negative return on equity of 16.61%. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $495.70 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Vector Group Ltd will post 0.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.00%. The ex-dividend date of this dividend is Monday, December 17th. Vector Group’s payout ratio is 280.70%.

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Vector Group Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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