Cypress Capital Management LLC WY decreased its stake in shares of Vector Group Ltd (NYSE:VGR) by 90.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,400 shares of the company’s stock after selling 79,890 shares during the period. Cypress Capital Management LLC WY’s holdings in Vector Group were worth $82,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. KBC Group NV purchased a new position in shares of Vector Group during the fourth quarter valued at approximately $26,000. Stone Ridge Asset Management LLC purchased a new position in Vector Group in the third quarter worth $149,000. Signition LP purchased a new position in Vector Group in the third quarter worth $160,000. Northern Oak Wealth Management Inc. boosted its position in Vector Group by 75.5% in the third quarter. Northern Oak Wealth Management Inc. now owns 12,025 shares of the company’s stock worth $166,000 after purchasing an additional 5,172 shares during the last quarter. Finally, ARP Americas LP purchased a new position in Vector Group in the third quarter worth $226,000. 49.29% of the stock is currently owned by institutional investors.
In other news, major shareholder Phillip Md Et Al Frost sold 100,000 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $14.21, for a total transaction of $1,421,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bennett S. Lebow sold 60,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $13.92, for a total value of $835,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,172,029 shares of company stock worth $41,362,002. Insiders own 12.50% of the company’s stock.
Several research analysts have weighed in on the company. Oppenheimer reissued a “hold” rating on shares of Vector Group in a research report on Wednesday, November 7th. Zacks Investment Research raised Vector Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, January 30th.
About Vector Group
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.
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