Stifel Financial Corp cut its holdings in Vector Group Ltd. (NYSE:VGR) by 27.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,002 shares of the company’s stock after selling 5,197 shares during the quarter. Stifel Financial Corp’s holdings in Vector Group were worth $298,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Numeric Investors LLC acquired a new stake in Vector Group in the 2nd quarter valued at approximately $251,000. Voya Investment Management LLC boosted its stake in shares of Vector Group by 3.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,168,179 shares of the company’s stock worth $24,905,000 after acquiring an additional 38,782 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Vector Group by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,504,226 shares of the company’s stock worth $53,390,000 after acquiring an additional 123,242 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Vector Group by 1.5% during the 2nd quarter. Suntrust Banks Inc. now owns 94,043 shares of the company’s stock worth $2,004,000 after acquiring an additional 1,358 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Vector Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock worth $187,336,000 after acquiring an additional 129,372 shares during the period. Institutional investors own 45.18% of the company’s stock.
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VGR has been the subject of several recent research reports. Zacks Investment Research upgraded Vector Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday. TheStreet downgraded Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, BidaskClub raised Vector Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th.
Shares of Vector Group Ltd. (NYSE:VGR) opened at $21.79 on Monday. The company has a market capitalization of $2,945.54, a PE ratio of 33.26 and a beta of 0.43. The company has a debt-to-equity ratio of -3.97, a quick ratio of 2.29 and a current ratio of 2.61. Vector Group Ltd. has a 52-week low of $18.70 and a 52-week high of $22.14.
Vector Group (NYSE:VGR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. The firm had revenue of $484.60 million during the quarter, compared to the consensus estimate of $448.00 million. During the same period in the prior year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts forecast that Vector Group Ltd. will post 0.66 earnings per share for the current year.
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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