Texas Yale Capital Corp. maintained its position in shares of Vector Group Ltd. (NYSE:VGR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 72,044 shares of the company’s stock at the end of the second quarter. Texas Yale Capital Corp. owned 0.06% of Vector Group worth $1,536,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of VGR. Renaissance Technologies LLC raised its position in shares of Vector Group by 14.3% in the first quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock valued at $156,892,000 after buying an additional 942,683 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Vector Group by 115.6% in the first quarter. Acadian Asset Management LLC now owns 1,353,262 shares of the company’s stock valued at $28,148,000 after buying an additional 725,533 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Vector Group by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock valued at $180,077,000 after buying an additional 288,771 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Vector Group during the first quarter valued at approximately $4,577,000. Finally, TCW Group Inc. purchased a new position in shares of Vector Group during the first quarter valued at approximately $4,251,000. Institutional investors own 47.29% of the company’s stock.
Vector Group Ltd. (NYSE:VGR) opened at 21.13 on Friday. The stock has a 50 day moving average price of $20.96 and a 200 day moving average price of $21.40. Vector Group Ltd. has a 12 month low of $19.63 and a 12 month high of $23.24. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 57.11 and a beta of 0.46.
Vector Group (NYSE:VGR) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.18 by $0.07. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The firm had revenue of $472 million during the quarter, compared to analysts’ expectations of $449.40 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts expect that Vector Group Ltd. will post $0.67 earnings per share for the current fiscal year.
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VGR has been the subject of several research reports. Zacks Investment Research upgraded Vector Group from a “sell” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, May 3rd. TheStreet lowered Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.
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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