Vector Group (NYSE:VGR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Vector Group (NYSE:VGR) in a report issued on Saturday. The firm set a “strong-buy” rating on the stock.

Separately, Barclays boosted their price objective on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th.

Vector Group Stock Performance

VGR stock opened at $14.99 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04. Vector Group has a 1 year low of $9.27 and a 1 year high of $15.53. The stock has a 50-day simple moving average of $14.94 and a 200-day simple moving average of $12.50.

Vector Group (NYSE:VGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Vector Group had a net margin of 14.05% and a negative return on equity of 26.96%. The company had revenue of $371.91 million during the quarter, compared to the consensus estimate of $362.90 million. On average, equities research analysts predict that Vector Group will post 1.22 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC raised its stake in shares of Vector Group by 78.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock valued at $7,046,000 after purchasing an additional 293,338 shares in the last quarter. Algert Global LLC raised its stake in Vector Group by 72.9% during the second quarter. Algert Global LLC now owns 691,014 shares of the company’s stock valued at $7,304,000 after buying an additional 291,404 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vector Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 17,868,987 shares of the company’s stock worth $195,844,000 after buying an additional 283,371 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Vector Group by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 8,309,315 shares of the company’s stock worth $87,829,000 after acquiring an additional 198,893 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Vector Group by 1,098.6% in the 2nd quarter. SG Americas Securities LLC now owns 190,888 shares of the company’s stock valued at $2,018,000 after acquiring an additional 174,962 shares during the last quarter. 64.09% of the stock is currently owned by institutional investors.

Vector Group Company Profile

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