Royal Fund Management LLC Decreases Position in Vector Group Ltd. (NYSE:VGR)

Royal Fund Management LLC decreased its position in Vector Group Ltd. (NYSE:VGR) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 69,505 shares of the company’s stock after selling 3,497 shares during the period. Royal Fund Management LLC’s holdings in Vector Group were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VGR. QRG Capital Management Inc. lifted its stake in shares of Vector Group by 8.3% during the 2nd quarter. QRG Capital Management Inc. now owns 16,157 shares of the company’s stock valued at $171,000 after buying an additional 1,238 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Vector Group by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 29,033 shares of the company’s stock worth $318,000 after buying an additional 2,020 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Vector Group by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 36,093 shares of the company’s stock valued at $407,000 after acquiring an additional 2,297 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Vector Group by 14.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 20,187 shares of the company’s stock valued at $221,000 after purchasing an additional 2,473 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Vector Group by 2.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 102,996 shares of the company’s stock worth $1,128,000 after buying an additional 2,613 shares during the last quarter. 64.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

VGR has been the topic of a number of recent research reports. StockNews.com raised Vector Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Barclays raised their price target on Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday.

Vector Group Price Performance

Vector Group stock traded up $0.22 during trading hours on Friday, reaching $13.95. The stock had a trading volume of 1,228,962 shares, compared to its average volume of 1,214,105. The stock has a market cap of $2.20 billion, a PE ratio of 12.03 and a beta of 1.03. The company has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $11.06. Vector Group Ltd. has a 52 week low of $9.27 and a 52 week high of $14.07.

Vector Group Company 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.