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

Equities research analysts at StockNews.com started coverage on shares of Vector Group (NYSE:VGR) in a research note issued to investors on Friday. The brokerage set a “strong-buy” rating on the stock.

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

Vector Group Stock Performance

VGR opened at $14.99 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04. Vector Group has a 12 month low of $9.27 and a 12 month high of $15.53. The stock has a 50-day moving average of $14.77 and a 200 day moving average of $12.31.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Vector Group had a net margin of 14.05% and a negative return on equity of 26.96%. The business had revenue of $371.91 million during the quarter, compared to the consensus estimate of $362.90 million. On average, research analysts forecast that Vector Group will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vector Group

Several hedge funds have recently modified their holdings of the company. Algert Global LLC lifted its stake in Vector Group by 72.9% in the 2nd quarter. Algert Global LLC now owns 691,014 shares of the company’s stock worth $7,304,000 after purchasing an additional 291,404 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in 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 purchasing an additional 293,338 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Vector Group in the 2nd quarter valued at approximately $693,000. Duality Advisers LP acquired a new stake in Vector Group in the 1st quarter valued at approximately $900,000. Finally, Tidal Investments LLC purchased a new position in Vector Group in the 1st quarter valued at approximately $527,000. 64.09% of the stock is owned by hedge funds and other institutional investors.

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.