Vector Group (NYSE:VGR) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Vector Group (NYSE:VGR) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.

Separately, Barclays increased their target price on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th.

Vector Group Price Performance

VGR opened at $14.96 on Wednesday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 12.88 and a beta of 1.04. The business’s 50-day moving average price is $14.32 and its two-hundred day moving average price is $12.00. Vector Group has a 1 year low of $9.27 and a 1 year high of $15.53.

Vector Group (NYSE:VGR) last announced its earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Vector Group had a negative return on equity of 26.96% and a net margin of 14.05%. The business had revenue of $371.91 million for the quarter, compared to analyst estimates of $362.90 million. Sell-side analysts anticipate that Vector Group will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Vector Group by 78.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock valued at $7,046,000 after buying an additional 293,338 shares during the last quarter. Algert Global LLC grew its position in shares of Vector Group by 72.9% in the 2nd quarter. Algert Global LLC now owns 691,014 shares of the company’s stock valued at $7,304,000 after acquiring an additional 291,404 shares during the period. Vanguard Group Inc. increased its stake in shares of Vector Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 17,868,987 shares of the company’s stock worth $195,844,000 after purchasing an additional 283,371 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Vector Group by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 8,309,315 shares of the company’s stock valued at $87,829,000 after purchasing an additional 198,893 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Vector Group by 1,098.6% in the 2nd quarter. SG Americas Securities LLC now owns 190,888 shares of the company’s stock valued at $2,018,000 after purchasing an additional 174,962 shares during the period. Institutional investors and hedge funds own 64.09% of the company’s stock.

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.