Vector Group (VGR) Rating Reiterated by Zacks Investment Research
Vector Group (NYSE:VGR)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a report released on Saturday.
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. “
Shares of Vector Group (VGR) traded down $0.02 during trading on Friday, reaching $21.55. The company had a trading volume of 407,940 shares, compared to its average volume of 646,837. Vector Group has a 1-year low of $18.70 and a 1-year high of $23.14. The company has a market capitalization of $2,915.80, a P/E ratio of 65.30 and a beta of 0.45. The company has a debt-to-equity ratio of -3.97, a current ratio of 2.61 and a quick ratio of 2.29.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Vector Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock valued at $187,336,000 after purchasing an additional 129,372 shares during the period. Royal Bank of Canada grew its stake in Vector Group by 5.1% in the 2nd quarter. Royal Bank of Canada now owns 5,604,718 shares of the company’s stock valued at $119,493,000 after purchasing an additional 271,168 shares during the period. Dimensional Fund Advisors LP grew its stake in Vector Group by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,646,146 shares of the company’s stock valued at $54,168,000 after purchasing an additional 141,920 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Vector Group by 4.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,302,262 shares of the company’s stock valued at $47,127,000 after purchasing an additional 90,678 shares during the period. Finally, State Street Corp grew its stake in Vector Group by 4.9% in the 2nd quarter. State Street Corp now owns 2,024,055 shares of the company’s stock valued at $43,152,000 after purchasing an additional 94,381 shares during the period. Hedge funds and other institutional investors own 47.13% of the company’s stock.
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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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