Insider Selling: Vector Group Director Sells 25,000 Shares of Stock (VGR)
Vector Group (NYSE:VGR) Director Bennett S. Lebow sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $22.98, for a total transaction of $574,500.00. Following the transaction, the director now directly owns 1,475,958 shares in the company, valued at approximately $33,917,515. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Oppenheimer initiated coverage on shares of Vector Group in a research note on Thursday, June 5th. They set an “outperform” rating and a $25.00 price target on the stock.
Shares of Vector Group (NYSE:VGR) traded up 0.35% during mid-day trading on Wednesday, hitting $23.06. 742,187 shares of the company’s stock traded hands. Vector Group has a 52 week low of $15.3238 and a 52 week high of $23.16. The stock’s 50-day moving average is $21.10 and its 200-day moving average is $20.57. The company has a market cap of $2.316 billion and a P/E ratio of 59.53.
Vector Group (NYSE:VGR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.05. The company had revenue of $406.64 million for the quarter, compared to the consensus estimate of $369.60 million. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts predict that Vector Group will post $0.64 earnings per share for the current fiscal year.
Vector Group Ltd is a holding company. The Company operates in tobacco and real estate. The Tobacco segment consists of the manufacture and sale of cigarettes.
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