Vector Group Ltd (NYSE:VGR) Shares Bought by Cipher Capital LP

Cipher Capital LP boosted its holdings in shares of Vector Group Ltd (NYSE:VGR) by 43.6% in the second quarter, HoldingsChannel.com reports. The fund owned 17,674 shares of the company’s stock after buying an additional 5,365 shares during the quarter. Cipher Capital LP’s holdings in Vector Group were worth $178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its position in Vector Group by 5.0% during the first quarter. State Street Corp now owns 3,476,224 shares of the company’s stock worth $32,746,000 after acquiring an additional 166,100 shares during the last quarter. Comerica Bank raised its position in Vector Group by 12.4% during the second quarter. Comerica Bank now owns 112,095 shares of the company’s stock worth $994,000 after acquiring an additional 12,384 shares during the last quarter. HighTower Advisors LLC raised its position in Vector Group by 1.1% during the second quarter. HighTower Advisors LLC now owns 131,195 shares of the company’s stock worth $1,319,000 after acquiring an additional 1,470 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Vector Group by 1.9% in the first quarter. Alliancebernstein L.P. now owns 165,699 shares of the company’s stock valued at $1,561,000 after buying an additional 3,100 shares during the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Vector Group in the first quarter valued at approximately $261,000. Institutional investors own 60.66% of the company’s stock.

NYSE:VGR opened at $10.31 on Friday. The firm has a 50 day simple moving average of $9.70 and a 200-day simple moving average of $10.43. The firm has a market cap of $1.59 billion, a PE ratio of 13.00 and a beta of 0.97. Vector Group Ltd has a 1-year low of $7.92 and a 1-year high of $14.42.

Vector Group (NYSE:VGR) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. Vector Group had a net margin of 3.75% and a negative return on equity of 18.15%. The firm had revenue of $445.76 million during the quarter, compared to the consensus estimate of $529.70 million. Equities analysts expect that Vector Group Ltd will post 0.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Thursday, September 17th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.80 dividend on an annualized basis and a yield of 7.76%. Vector Group’s payout ratio is 114.29%.

In related news, Director Bennett S. Lebow sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $12.03, for a total value of $1,804,500.00. Following the completion of the sale, the director now directly owns 3,002,032 shares in the company, valued at $36,114,444.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bennett S. Lebow sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $10.19, for a total transaction of $254,750.00. Following the completion of the sale, the director now owns 2,977,032 shares of the company’s stock, valued at $30,335,956.08. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on VGR. ValuEngine raised shares of Vector Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 28th. Zacks Investment Research lowered shares of Vector Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th.

Vector Group Company Profile

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 in 109 combinations under the Pyramid, EAGLE 20's, 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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