14,291 Shares in Vector Group Ltd. (NYSE:VGR) Acquired by Choreo LLC

Choreo LLC acquired a new stake in Vector Group Ltd. (NYSE:VGR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 14,291 shares of the company’s stock, valued at approximately $156,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VGR. Optimist Retirement Group LLC purchased a new position in shares of Vector Group during the 4th quarter valued at $949,000. Duality Advisers LP purchased a new position in Vector Group in the first quarter valued at about $900,000. Tidal Investments LLC acquired a new position in Vector Group in the 1st quarter worth about $527,000. Quest Partners LLC raised its stake in shares of Vector Group by 3,851,600.0% during the 2nd quarter. Quest Partners LLC now owns 38,517 shares of the company’s stock worth $407,000 after purchasing an additional 38,516 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Vector Group by 6.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,181,224 shares of the company’s stock valued at $12,946,000 after buying an additional 70,685 shares during the last quarter. Hedge funds and other institutional investors own 64.09% of the company’s stock.

Vector Group Price Performance

NYSE VGR opened at $14.92 on Friday. Vector Group Ltd. has a fifty-two week low of $9.27 and a fifty-two week high of $15.53. The stock’s 50-day moving average is $13.75 and its two-hundred day moving average is $11.75. The firm has a market cap of $2.35 billion, a P/E ratio of 12.86 and a beta of 1.04.

Vector Group (NYSE:VGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.34 earnings per share 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 the consensus estimate of $362.90 million. On average, equities analysts expect that Vector Group Ltd. will post 1.22 EPS for the current year.

Vector Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Friday, August 30th. Vector Group’s payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VGR shares. StockNews.com started coverage on Vector Group in a report on Monday, September 16th. They issued a “buy” rating on the stock. Barclays boosted their target price on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research 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.