Engineers Gate Manager LP grew its stake in shares of Vector Group Ltd (NYSE:VGR) by 396.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,537 shares of the company’s stock after buying an additional 65,098 shares during the period. Engineers Gate Manager LP’s holdings in Vector Group were worth $1,825,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new position in Vector Group during the third quarter worth $217,000. Goldman Sachs Group Inc. increased its position in Vector Group by 31.7% during the second quarter. Goldman Sachs Group Inc. now owns 153,868 shares of the company’s stock worth $3,280,000 after buying an additional 37,045 shares in the last quarter. Aurora Investment Counsel purchased a new position in Vector Group during the fourth quarter worth $1,833,000. Raymond James Financial Services Advisors Inc. increased its position in Vector Group by 58.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 26,731 shares of the company’s stock worth $547,000 after buying an additional 9,823 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in Vector Group during the second quarter worth $12,230,000. 47.33% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised Vector Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, November 10th.

Shares of Vector Group Ltd (NYSE VGR) opened at $20.48 on Thursday. The company has a market capitalization of $2,744.13, a price-to-earnings ratio of 62.06 and a beta of 0.35. The company has a debt-to-equity ratio of -3.97, a current ratio of 2.61 and a quick ratio of 2.29. Vector Group Ltd has a 1 year low of $18.70 and a 1 year high of $23.14.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The business had revenue of $484.60 million during the quarter, compared to the consensus estimate of $448.00 million. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. analysts expect that Vector Group Ltd will post 0.66 EPS for the current year.

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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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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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