Vector Group Ltd. (VGR) Position Reduced by Teacher Retirement System of Texas
Teacher Retirement System of Texas lowered its position in shares of Vector Group Ltd. (NYSE:VGR) by 23.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,334 shares of the company’s stock after selling 27,139 shares during the period. Teacher Retirement System of Texas’ holdings in Vector Group were worth $1,926,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new stake in Vector Group during the first quarter worth $167,000. Waldron LP purchased a new stake in Vector Group during the first quarter worth $202,000. Park Avenue Securities LLC purchased a new stake in Vector Group during the first quarter worth $210,000. Solaris Asset Management LLC raised its stake in Vector Group by 3.1% in the first quarter. Solaris Asset Management LLC now owns 12,317 shares of the company’s stock worth $256,000 after buying an additional 375 shares during the last quarter. Finally, USA Mutuals Advisors Inc. raised its stake in Vector Group by 27.0% in the first quarter. USA Mutuals Advisors Inc. now owns 12,700 shares of the company’s stock worth $264,000 after buying an additional 2,700 shares during the last quarter. 47.29% of the stock is owned by institutional investors and hedge funds.
Vector Group Ltd. (NYSE VGR) opened at 21.33 on Friday. Vector Group Ltd. has a 1-year low of $19.63 and a 1-year high of $23.24. The company has a market capitalization of $2.75 billion, a P/E ratio of 57.65 and a beta of 0.46. The firm’s 50-day moving average is $20.97 and its 200-day moving average is $21.41.
Vector Group (NYSE:VGR) last announced its earnings results 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 business had revenue of $472 million for the quarter, compared to analyst estimates of $449.40 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Vector Group’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Vector Group Ltd. will post $0.67 EPS for the current year.
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VGR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Vector Group from a “sell” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, May 3rd. TheStreet lowered shares of Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Finally, BidaskClub lowered shares of Vector Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.
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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