Vector Group (NYSE:VGR – Get Free Report) had its price target lifted by Barclays from $15.00 to $16.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 17.99% from the stock’s current price.
Separately, StockNews.com upgraded shares of Vector Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 25th.
Check Out Our Latest Stock Report on Vector Group
Vector Group Trading Up 1.2 %
Institutional Trading of Vector Group
A number of institutional investors have recently modified their holdings of the business. Optimist Retirement Group LLC purchased a new stake in Vector Group in the 4th quarter worth approximately $949,000. Duality Advisers LP bought a new stake in Vector Group during the first quarter worth about $900,000. Tidal Investments LLC bought a new position in shares of Vector Group during the 1st quarter valued at about $527,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Vector Group by 6.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,181,224 shares of the company’s stock worth $12,946,000 after acquiring an additional 70,685 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Vector Group by 27.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 130,525 shares of the company’s stock valued at $1,431,000 after acquiring an additional 28,476 shares during the last quarter. 64.09% of the stock is currently owned by hedge funds and other institutional investors.
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.
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