Vector Group Ltd (VGR) Holdings Lifted by Martingale Asset Management L P

Martingale Asset Management L P boosted its holdings in Vector Group Ltd (NYSE:VGR) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 243,918 shares of the company’s stock after purchasing an additional 5,400 shares during the quarter. Martingale Asset Management L P’s holdings in Vector Group were worth $4,654,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Vector Group by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,771,962 shares of the company’s stock worth $56,520,000 after purchasing an additional 12,415 shares during the period. Global X Management Co. LLC boosted its stake in Vector Group by 3.4% in the 1st quarter. Global X Management Co. LLC now owns 866,634 shares of the company’s stock worth $17,671,000 after purchasing an additional 28,767 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Vector Group by 6.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 751,647 shares of the company’s stock worth $14,342,000 after purchasing an additional 47,129 shares during the period. JPMorgan Chase & Co. boosted its stake in Vector Group by 649.5% in the 1st quarter. JPMorgan Chase & Co. now owns 338,616 shares of the company’s stock worth $6,904,000 after purchasing an additional 293,436 shares during the period. Finally, PARK CIRCLE Co boosted its stake in Vector Group by 8.5% in the 1st quarter. PARK CIRCLE Co now owns 317,585 shares of the company’s stock worth $6,476,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 48.72% of the company’s stock.

NYSE VGR opened at $15.82 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of -2.54. The company has a market cap of $2.12 billion, a PE ratio of 26.37 and a beta of 0.38. Vector Group Ltd has a one year low of $15.74 and a one year high of $23.14.

Vector Group (NYSE:VGR) last posted its earnings results on Monday, August 6th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $481.50 million during the quarter, compared to the consensus estimate of $494.80 million. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. sell-side analysts expect that Vector Group Ltd will post 0.43 EPS for the current year.

Several research analysts have weighed in on VGR shares. ValuEngine downgraded Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded Vector Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, Oppenheimer set a $27.00 price target on Vector Group and gave the stock a “buy” rating in a research note on Wednesday, May 9th.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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

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