Campbell & CO Investment Adviser LLC Acquires Shares of 17,313 Vector Group Ltd (VGR)
Campbell & CO Investment Adviser LLC acquired a new position in shares of Vector Group Ltd (NYSE:VGR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,313 shares of the company’s stock, valued at approximately $239,000.
Several other large investors also recently bought and sold shares of the company. Swiss National Bank increased its holdings in Vector Group by 5.0% in the third quarter. Swiss National Bank now owns 185,384 shares of the company’s stock valued at $2,555,000 after buying an additional 8,827 shares in the last quarter. Bessemer Group Inc. increased its holdings in Vector Group by 18.5% in the third quarter. Bessemer Group Inc. now owns 108,188 shares of the company’s stock valued at $1,491,000 after buying an additional 16,853 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Vector Group in the third quarter valued at $149,000. Commonwealth Equity Services LLC increased its holdings in Vector Group by 5.6% in the third quarter. Commonwealth Equity Services LLC now owns 223,709 shares of the company’s stock valued at $3,082,000 after buying an additional 11,872 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Vector Group by 9.9% in the third quarter. Janney Montgomery Scott LLC now owns 93,558 shares of the company’s stock valued at $1,289,000 after buying an additional 8,405 shares in the last quarter. Institutional investors and hedge funds own 47.40% of the company’s stock.
A number of research analysts have weighed in on VGR shares. Zacks Investment Research cut shares of Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. UBS Group cut shares of Vector Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 3rd. ValuEngine cut shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Oppenheimer reissued a “hold” rating on shares of Vector Group in a research note on Wednesday, November 7th.
Vector Group (NYSE:VGR) last released its earnings results on Wednesday, November 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $513.90 million during the quarter, compared to analysts’ expectations of $495.70 million. Vector Group had a net margin of 4.29% and a negative return on equity of 16.61%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, research analysts forecast that Vector Group Ltd will post 0.52 EPS for the current fiscal year.
In other news, major shareholder Phillip Md Et Al Frost sold 100,000 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $14.21, for a total transaction of $1,421,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bennett S. Lebow sold 60,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $13.92, for a total transaction of $835,200.00. The disclosure for this sale can be found here. Insiders have sold 1,405,609 shares of company stock valued at $19,780,392 in the last three months. Corporate insiders own 12.50% of the company’s stock.
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About Vector Group
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.
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