Vector Group Ltd. (NYSE:VGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “

Several other equities research analysts have also recently weighed in on VGR. BidaskClub cut Vector Group from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th.

Vector Group (NYSE:VGR) opened at 21.51 on Wednesday. The firm’s 50-day moving average price is $21.08 and its 200-day moving average price is $21.50. Vector Group has a one year low of $19.63 and a one year high of $23.24. The company has a market cap of $2.78 billion, a PE ratio of 58.29 and a beta of 0.46.

Vector Group (NYSE:VGR) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. The company had revenue of $472 million during the quarter, compared to analysts’ expectations of $449.40 million. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, equities research analysts forecast that Vector Group will post $0.67 earnings per share for the current fiscal year.

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In related news, insider Howard M. Lorber sold 226,834 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $21.36, for a total transaction of $4,845,174.24. Following the sale, the insider now owns 436,665 shares in the company, valued at approximately $9,327,164.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.90% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in VGR. Acadian Asset Management raised its stake in shares of Vector Group by 128.1% in the fourth quarter. Acadian Asset Management now owns 1,863,667 shares of the company’s stock valued at $43,965,000 after buying an additional 1,046,619 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Vector Group by 14.3% in the first quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock valued at $156,892,000 after buying an additional 942,683 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Vector Group by 2,532.0% in the fourth quarter. Voya Investment Management LLC now owns 849,745 shares of the company’s stock valued at $20,045,000 after buying an additional 817,460 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Vector Group by 115.6% in the first quarter. Acadian Asset Management LLC now owns 1,353,262 shares of the company’s stock valued at $28,148,000 after buying an additional 725,533 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Vector Group by 7.6% in the second quarter. Vanguard Group Inc. now owns 7,527,182 shares of the company’s stock valued at $168,759,000 after buying an additional 534,114 shares during the last quarter. Institutional investors own 47.18% of the company’s stock.

About Vector Group

Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.

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