244,100 Shares in Vector Group Ltd. (NYSE:VGR) Acquired by Alpine Associates Management Inc.

Alpine Associates Management Inc. purchased a new position in shares of Vector Group Ltd. (NYSE:VGR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 244,100 shares of the company’s stock, valued at approximately $3,642,000. Alpine Associates Management Inc. owned approximately 0.16% of Vector Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of Vector Group by 0.5% in the 2nd quarter. Federated Hermes Inc. now owns 183,913 shares of the company’s stock valued at $1,944,000 after acquiring an additional 935 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Vector Group by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 357,738 shares of the company’s stock valued at $3,781,000 after acquiring an additional 1,020 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Vector Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 39,729 shares of the company’s stock valued at $420,000 after acquiring an additional 1,160 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Vector Group by 8.3% in the 2nd quarter. QRG Capital Management Inc. now owns 16,157 shares of the company’s stock valued at $171,000 after acquiring an additional 1,238 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Vector Group by 3.1% in the 2nd quarter. Natixis Advisors LLC now owns 44,984 shares of the company’s stock valued at $475,000 after acquiring an additional 1,346 shares during the last quarter. 64.09% of the stock is owned by institutional investors and hedge funds.

Vector Group Price Performance

Shares of VGR opened at $14.99 on Wednesday. The company has a market cap of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04. The stock has a fifty day moving average price of $14.97 and a 200 day moving average price of $13.11. Vector Group Ltd. has a 12 month low of $9.27 and a 12 month high of $15.53.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VGR. StockNews.com began coverage on Vector Group in a report on Tuesday. They issued a “strong-buy” rating for the company. Barclays boosted their price target on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th.

Vector Group Profile

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.