Zacks Investment Research upgraded shares of Vector Group (NYSE:VGR) from a sell rating to a hold rating in a research note released on Saturday.

According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “

Separately, ValuEngine lowered Vector Group from a hold rating to a sell rating in a research report on Wednesday, August 8th.

VGR opened at $14.23 on Friday. The company has a debt-to-equity ratio of -2.54, a quick ratio of 1.17 and a current ratio of 1.36. Vector Group has a 1 year low of $13.90 and a 1 year high of $23.14. The company has a market cap of $2.01 billion, a P/E ratio of 24.96 and a beta of 0.29.

Vector Group (NYSE:VGR) last posted its quarterly earnings results on Monday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. The business had revenue of $481.50 million for the quarter, compared to analyst estimates of $494.80 million. During the same period last year, the company earned $0.25 EPS. Vector Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. research analysts forecast that Vector Group will post 0.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Tuesday, September 18th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.24%. Vector Group’s dividend payout ratio is currently 280.70%.

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Vector Group by 5.0% in the 2nd quarter. Northern Trust Corp now owns 1,229,262 shares of the company’s stock worth $23,455,000 after buying an additional 58,872 shares during the last quarter. Global X Management Co LLC grew its position in shares of Vector Group by 0.4% in the 2nd quarter. Global X Management Co LLC now owns 870,411 shares of the company’s stock worth $16,607,000 after buying an additional 3,777 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Vector Group in the 2nd quarter worth approximately $547,000. Cypress Capital Group bought a new stake in shares of Vector Group in the 2nd quarter worth approximately $217,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Vector Group in the 2nd quarter worth approximately $289,000. Hedge funds and other institutional investors own 46.38% of the company’s stock.

Vector Group Company Profile

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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