Cambridge Investment Research Advisors Inc. Boosts Stake in Vector Group Ltd. (NYSE:VGR)

Cambridge Investment Research Advisors Inc. raised its position in Vector Group Ltd. (NYSE:VGRFree Report) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,160 shares of the company’s stock after buying an additional 1,419 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Vector Group were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VGR. Goldman Sachs Group Inc. lifted its position in shares of Vector Group by 239.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,451,368 shares of the company’s stock worth $17,474,000 after purchasing an additional 1,024,249 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new position in shares of Vector Group during the fourth quarter worth about $10,533,000. Vanguard Group Inc. lifted its position in shares of Vector Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 17,140,300 shares of the company’s stock worth $206,369,000 after purchasing an additional 673,806 shares during the last quarter. Comerica Bank acquired a new stake in Vector Group during the second quarter worth about $6,505,000. Finally, Marshall Wace LLP raised its stake in Vector Group by 56.4% during the fourth quarter. Marshall Wace LLP now owns 1,236,266 shares of the company’s stock worth $14,662,000 after acquiring an additional 445,740 shares during the period. 64.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vector Group

In related news, Director Bennett S. Lebow sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $11.68, for a total transaction of $584,000.00. Following the sale, the director now owns 144,804 shares of the company’s stock, valued at $1,691,310.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on VGR. TheStreet lowered shares of Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, December 28th. StockNews.com upgraded shares of Vector Group from a “hold” rating to a “buy” rating in a research note on Tuesday, December 26th.

View Our Latest Analysis on VGR

Vector Group Trading Down 0.2 %

Shares of NYSE:VGR opened at $10.29 on Friday. The firm’s 50 day moving average is $11.03 and its two-hundred day moving average is $11.19. Vector Group Ltd. has a 52 week low of $9.86 and a 52 week high of $14.39. The firm has a market capitalization of $1.60 billion, a P/E ratio of 9.44 and a beta of 1.05.

Vector Group (NYSE:VGRGet Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Vector Group had a net margin of 12.16% and a negative return on equity of 23.33%. The company had revenue of $364.11 million for the quarter, compared to analyst estimates of $387.50 million. Analysts predict that Vector Group Ltd. will post 1.13 EPS for the current year.

Vector Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.20 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 7.77%. Vector Group’s payout ratio is currently 73.40%.

Vector Group Profile

(Free Report)

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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