Insider Selling: Bennett S. Lebow Sells 25,000 Shares of Vector Group Stock (VGR)
Vector Group (NYSE:VGR) Director Bennett S. Lebow sold 25,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $22.98, for a total value of $574,500.00. Following the sale, the director now directly owns 1,475,958 shares of the company’s stock, valued at approximately $33,917,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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) opened at 23.18 on Friday. Vector Group has a 52-week low of $15.4286 and a 52-week high of $23.24. The stock’s 50-day moving average is $21.17 and its 200-day moving average is $20.58. The company has a market cap of $2.328 billion and a P/E ratio of 60.05.
Vector Group (NYSE:VGR) last announced its earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters 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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