StockNews.com Initiates Coverage on Vector Group (NYSE:VGR)

Stock analysts at StockNews.com assumed coverage on shares of Vector Group (NYSE:VGR) in a research note issued on Tuesday. The firm set a “strong-buy” rating on the stock.

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

Vector Group Stock Performance

Shares of VGR opened at $14.99 on Tuesday. The company has a market capitalization of $2.36 billion, a PE ratio of 12.92 and a beta of 1.04. The company’s 50 day moving average price is $14.96 and its 200 day moving average price is $13.07. Vector Group has a 52 week low of $9.27 and a 52 week high of $15.53.

Institutional Investors Weigh In On Vector Group

Several large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in Vector Group in the second quarter worth $59,000. ORG Partners LLC increased its holdings in shares of Vector Group by 252.3% during the 2nd quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock valued at $66,000 after acquiring an additional 4,325 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Vector Group by 19.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,001 shares of the company’s stock valued at $75,000 after acquiring an additional 824 shares in the last quarter. Quarry LP lifted its holdings in Vector Group by 112.6% in the 2nd quarter. Quarry LP now owns 9,648 shares of the company’s stock worth $102,000 after purchasing an additional 5,110 shares during the last quarter. Finally, Somerset Trust Co bought a new stake in Vector Group during the second quarter worth approximately $110,000. Institutional investors own 64.09% of the company’s stock.

About Vector Group

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.