Stanley Laman Group Ltd. cut its position in Vector Group Ltd. (NYSE:VGR) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,863 shares of the company’s stock after selling 9,295 shares during the period. Stanley Laman Group Ltd. owned about 0.09% of Vector Group worth $2,385,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC raised its stake 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 worth $156,892,000 after buying an additional 942,683 shares in the last quarter. Acadian Asset Management LLC raised its stake 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 worth $28,148,000 after buying an additional 725,533 shares in the last quarter. Vanguard Group Inc. raised its stake 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 worth $180,077,000 after buying an additional 288,771 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Vector Group during the first quarter worth approximately $4,577,000. Finally, TCW Group Inc. acquired a new stake in shares of Vector Group during the first quarter worth approximately $4,251,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vector Group Ltd. (VGR) opened at 21.16 on Friday. Vector Group Ltd. has a 52-week low of $19.63 and a 52-week high of $23.24. The firm’s 50-day moving average is $20.98 and its 200 day moving average is $21.37. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 57.19 and a beta of 0.46.
Vector Group (NYSE:VGR) last issued its earnings results on Friday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. The company had revenue of $472 million for the quarter, compared to the consensus estimate of $449.40 million. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. On average, equities research analysts anticipate that Vector Group Ltd. will post $0.67 earnings per share for the current year.
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A number of analysts have recently commented on VGR shares. Zacks Investment Research raised shares of Vector Group from a “sell” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, May 3rd. TheStreet lowered shares of Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered shares of Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.
About Vector Group
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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