Vector Group (NYSE:VGR) Stock Rating Lowered by StockNews.com
Vector Group (NYSE:VGR – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.
Vector Group Trading Down 0.1 %
Shares of VGR stock traded down $0.01 during midday trading on Monday, reaching $11.24. 847,600 shares of the stock were exchanged, compared to its average volume of 746,856. Vector Group has a 1 year low of $9.86 and a 1 year high of $14.39. The company’s 50 day moving average is $10.79 and its two-hundred day moving average is $11.44. The firm has a market cap of $1.75 billion, a PE ratio of 10.31 and a beta of 1.11.
Vector Group (NYSE:VGR – Get Free Report) last posted its earnings results on Wednesday, November 1st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Vector Group had a negative return on equity of 23.33% and a net margin of 12.16%. The firm had revenue of $364.11 million for the quarter, compared to the consensus estimate of $387.50 million. As a group, equities analysts expect that Vector Group will post 1.13 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Bennett S. Lebow sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $11.68, for a total value of $584,000.00. Following the sale, the director now owns 144,804 shares in the company, valued at approximately $1,691,310.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.14% of the stock is currently owned by company insiders.
Institutional Trading of Vector Group
Several institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its stake in Vector Group by 4.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 20,149 shares of the company’s stock valued at $222,000 after purchasing an additional 884 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Vector Group by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,988 shares of the company’s stock valued at $743,000 after buying an additional 944 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Vector Group by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 76,512 shares of the company’s stock valued at $907,000 after buying an additional 961 shares during the period. CWM LLC lifted its holdings in shares of Vector Group by 51.9% during the 3rd quarter. CWM LLC now owns 2,892 shares of the company’s stock valued at $31,000 after buying an additional 988 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Vector Group by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 35,940 shares of the company’s stock valued at $433,000 after buying an additional 1,000 shares during the period. 64.41% of the stock is currently owned by hedge funds and other institutional investors.
About Vector Group (Get Free Report)
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the EAGLE 20’s, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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Original: MarketBeat News Feed: Vector Group (NYSE:VGR) Stock Rating Lowered by StockNews.com