Zacks: Vector Group Ltd (NYSE:VGR) Receives Average Recommendation of “Hold” from Brokerages

Vector Group Ltd (NYSE:VGR) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also assigned Vector Group an industry rank of 32 out of 256 based on the ratings given to related companies.

Several brokerages have recently weighed in on VGR. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. ValuEngine raised Vector Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 31st.

Several institutional investors and hedge funds have recently bought and sold shares of VGR. Lindbrook Capital LLC raised its holdings in shares of Vector Group by 208.3% in the first quarter. Lindbrook Capital LLC now owns 3,450 shares of the company’s stock worth $37,000 after acquiring an additional 2,331 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Vector Group by 28.3% in the first quarter. Royce & Associates LP now owns 4,845 shares of the company’s stock worth $52,000 after acquiring an additional 1,068 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Vector Group by 500.9% in the first quarter. Quadrant Capital Group LLC now owns 6,556 shares of the company’s stock worth $69,000 after acquiring an additional 5,465 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Vector Group by 15.8% in the second quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock worth $78,000 after acquiring an additional 1,096 shares during the last quarter. Finally, AE Wealth Management LLC acquired a new position in shares of Vector Group in the second quarter worth $99,000. 51.89% of the stock is owned by institutional investors and hedge funds.

VGR stock traded down $0.02 during mid-day trading on Thursday, reaching $11.37. The company had a trading volume of 1,591,923 shares, compared to its average volume of 1,423,120. The company has a market cap of $1.61 billion, a P/E ratio of 19.60 and a beta of 0.76. The company has a fifty day moving average of $10.27. Vector Group has a fifty-two week low of $8.62 and a fifty-two week high of $16.87.

Vector Group (NYSE:VGR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.19. The company had revenue of $538.40 million for the quarter, compared to analyst estimates of $494.50 million. Vector Group had a negative return on equity of 20.37% and a net margin of 4.55%. Vector Group’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. On average, analysts predict that Vector Group will post 0.57 EPS for the current fiscal year.

About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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