Robeco Institutional Asset Management B.V. cut its position in shares of Vector Group Ltd (NYSE:VGR) by 76.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,021 shares of the company’s stock after selling 1,284,037 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Vector Group were worth $5,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of Montreal Can raised its position in Vector Group by 28.7% during the 2nd quarter. Bank of Montreal Can now owns 15,128 shares of the company’s stock valued at $288,000 after purchasing an additional 3,371 shares in the last quarter. Global X Management Co LLC raised its position in Vector Group by 0.4% during the 2nd quarter. Global X Management Co LLC now owns 870,411 shares of the company’s stock valued at $16,607,000 after purchasing an additional 3,777 shares in the last quarter. Telemus Capital LLC raised its position in Vector Group by 5.0% during the 3rd quarter. Telemus Capital LLC now owns 82,952 shares of the company’s stock valued at $1,143,000 after purchasing an additional 3,948 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Vector Group by 7.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 57,927 shares of the company’s stock valued at $798,000 after purchasing an additional 4,006 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Vector Group by 10.2% during the 1st quarter. Legal & General Group Plc now owns 43,511 shares of the company’s stock valued at $887,000 after purchasing an additional 4,037 shares in the last quarter. 47.40% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Phillip Md Et Al Frost sold 100,000 shares of Vector Group stock in a transaction on Friday, November 16th. The stock was sold at an average price of $14.21, for a total value of $1,421,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Howard M. Lorber sold 700,000 shares of Vector Group stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $14.18, for a total value of $9,926,000.00. The disclosure for this sale can be found here. Insiders sold a total of 945,609 shares of company stock worth $13,413,192 over the last quarter. Company insiders own 12.50% of the company’s stock.

VGR has been the subject of a number of research analyst reports. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. ValuEngine lowered Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. UBS Group downgraded Vector Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Vector Group in a report on Wednesday, October 3rd.

Shares of NYSE:VGR opened at $13.82 on Wednesday. Vector Group Ltd has a 12-month low of $12.56 and a 12-month high of $23.14. The firm has a market capitalization of $1.95 billion, a PE ratio of 24.25 and a beta of 0.29.

Vector Group (NYSE:VGR) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Vector Group had a negative return on equity of 16.61% and a net margin of 4.29%. The business had revenue of $513.90 million for the quarter, compared to the consensus estimate of $495.70 million. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vector Group Ltd will post 0.52 earnings per share for the current fiscal year.

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Vector Group Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

Further Reading: Cash Flow Analysis in Stock Selection

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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