Vector Group Ltd. (NYSE:VGR) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its stake in Vector Group Ltd. (NYSE:VGR) by 12.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 80,224 shares of the company’s stock after buying an additional 8,952 shares during the period. Aperio Group LLC’s holdings in Vector Group were worth $1,710,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in Vector Group by 27.0% in the first quarter. Bank of Montreal Can now owns 20,961 shares of the company’s stock valued at $435,000 after buying an additional 4,460 shares in the last quarter. Cypress Capital Management LLC WY boosted its position in Vector Group by 1.1% in the first quarter. Cypress Capital Management LLC WY now owns 98,421 shares of the company’s stock valued at $2,047,000 after buying an additional 1,039 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Vector Group during the first quarter valued at $568,000. Navellier & Associates Inc boosted its position in Vector Group by 4.8% in the first quarter. Navellier & Associates Inc now owns 16,777 shares of the company’s stock valued at $349,000 after buying an additional 775 shares in the last quarter. Finally, Waldron LP acquired a new position in Vector Group during the first quarter valued at $202,000. 47.18% of the stock is owned by institutional investors and hedge funds.
Vector Group Ltd. (NYSE VGR) traded up 1.97% during trading on Thursday, hitting $21.21. The company had a trading volume of 292,874 shares. The stock has a market capitalization of $2.73 billion, a PE ratio of 57.32 and a beta of 0.46. Vector Group Ltd. has a one year low of $19.63 and a one year high of $23.24. The stock has a 50-day moving average of $21.03 and a 200-day moving average of $21.46.
Vector Group (NYSE:VGR) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $472 million during the quarter, compared to analysts’ expectations of $449.40 million. During the same quarter last year, the company posted $0.20 earnings per share. Vector Group’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Vector Group Ltd. will post $0.67 EPS for the current year.
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Several equities analysts recently weighed in on VGR shares. Zacks Investment Research raised Vector Group from a “sell” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, May 3rd. BidaskClub cut Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.
In related news, insider Howard M. Lorber sold 226,834 shares of Vector Group stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.36, for a total transaction of $4,845,174.24. Following the completion of the transaction, the insider now owns 436,665 shares in the company, valued at $9,327,164.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.90% of the company’s stock.
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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