HighTower Advisors LLC Has $5.31 Million Position in Vector Group Ltd. (VGR)
HighTower Advisors LLC boosted its holdings in Vector Group Ltd. (NYSE:VGR) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,410 shares of the company’s stock after purchasing an additional 39,548 shares during the period. HighTower Advisors LLC owned about 0.19% of Vector Group worth $5,306,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in Vector Group during the 1st quarter worth about $167,000. Waldron LP bought a new position in shares of Vector Group in the 1st quarter valued at about $202,000. JPMorgan Chase & Co. grew its holdings in shares of Vector Group by 15.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,781 shares of the company’s stock valued at $209,000 after acquiring an additional 1,289 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Vector Group by 4.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,078 shares of the company’s stock valued at $236,000 after acquiring an additional 470 shares in the last quarter. Finally, Numeric Investors LLC acquired a new stake in shares of Vector Group in the second quarter valued at about $251,000. Hedge funds and other institutional investors own 45.35% of the company’s stock.
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Vector Group Ltd. (VGR) traded down 0.58% on Tuesday, hitting $20.50. 27,079 shares of the stock traded hands. The firm has a market capitalization of $2.77 billion, a PE ratio of 58.24 and a beta of 0.44. The stock has a 50 day moving average of $20.45 and a 200 day moving average of $20.25. Vector Group Ltd. has a 52 week low of $18.70 and a 52 week high of $22.13.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $449.40 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Vector Group Ltd. will post $0.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Wednesday, September 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This is a boost from Vector Group’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 7.76%. Vector Group’s payout ratio is 430.78%.
Several analysts recently issued reports on the company. TheStreet lowered Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, BidaskClub lowered Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.
Vector Group 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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