Robeco Institutional Asset Management B.V. cut its holdings in Vector Group Ltd (NYSE:VGR) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,688,058 shares of the company’s stock after selling 255,937 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 1.26% of Vector Group worth $32,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of VGR. Bank of Montreal Can grew its stake in shares of Vector Group by 28.7% in the 2nd quarter. Bank of Montreal Can now owns 15,128 shares of the company’s stock valued at $288,000 after buying an additional 3,371 shares during the period. Swiss National Bank grew its stake in shares of Vector Group by 2.3% in the 1st quarter. Swiss National Bank now owns 176,557 shares of the company’s stock valued at $3,600,000 after buying an additional 3,900 shares during the period. Legal & General Group Plc grew its stake in shares of Vector Group by 10.2% in the 1st quarter. Legal & General Group Plc now owns 43,511 shares of the company’s stock valued at $887,000 after buying an additional 4,037 shares during the period. LPL Financial LLC grew its stake in shares of Vector Group by 4.8% in the 1st quarter. LPL Financial LLC now owns 90,835 shares of the company’s stock valued at $1,852,000 after buying an additional 4,168 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Vector Group by 4.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 99,064 shares of the company’s stock valued at $1,890,000 after buying an additional 4,400 shares during the period. 49.55% of the stock is owned by hedge funds and other institutional investors.

VGR has been the subject of several research reports. Oppenheimer set a $27.00 target price on Vector Group and gave the company a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research downgraded Vector Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, ValuEngine downgraded Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday.

Shares of VGR opened at $16.61 on Friday. The company has a debt-to-equity ratio of -2.54, a current ratio of 1.36 and a quick ratio of 1.19. The stock has a market capitalization of $2.28 billion, a PE ratio of 35.42 and a beta of 0.38. Vector Group Ltd has a one year low of $16.44 and a one year high of $23.14.

Vector Group (NYSE:VGR) last issued its earnings results on Monday, August 6th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $481.50 million during the quarter, compared to the consensus estimate of $494.80 million. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. sell-side analysts forecast that Vector Group Ltd will post 0.43 earnings per share for the current fiscal year.

About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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

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