Csenge Advisory Group Takes $380,000 Position in Vector Group Ltd (VGR)
Csenge Advisory Group bought a new position in shares of Vector Group Ltd (NYSE:VGR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,545 shares of the company’s stock, valued at approximately $380,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Vector Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock worth $187,336,000 after buying an additional 129,372 shares during the period. Royal Bank of Canada increased its stake in shares of Vector Group by 5.1% during the second quarter. Royal Bank of Canada now owns 5,604,718 shares of the company’s stock worth $119,493,000 after buying an additional 271,168 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Vector Group by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,504,226 shares of the company’s stock worth $53,390,000 after buying an additional 123,242 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Vector Group by 4.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,302,262 shares of the company’s stock worth $47,127,000 after buying an additional 90,678 shares during the period. Finally, State Street Corp increased its stake in shares of Vector Group by 4.9% during the second quarter. State Street Corp now owns 2,024,055 shares of the company’s stock worth $43,152,000 after buying an additional 94,381 shares during the period. Hedge funds and other institutional investors own 45.24% of the company’s stock.
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A number of analysts recently weighed in on VGR shares. TheStreet lowered shares of Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.
Vector Group Ltd (NYSE VGR) traded down $0.17 during mid-day trading on Friday, hitting $20.69. 274,579 shares of the company were exchanged, compared to its average volume of 420,433. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 30.60 and a beta of 0.43. Vector Group Ltd has a 12-month low of $18.70 and a 12-month high of $22.13. The company has a debt-to-equity ratio of -4.41, a current ratio of 2.97 and a quick ratio of 2.61.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $449.40 million. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. Vector Group’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. sell-side analysts forecast that Vector Group Ltd will post 0.64 earnings per share for the current fiscal year.
Vector Group Company Profile
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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