Vector Group (VGR) Downgraded to “Hold” at ValuEngine

Vector Group (NYSE:VGR) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Separately, Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th.

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Shares of NYSE:VGR traded down $0.32 on Monday, reaching $20.07. 633,251 shares of the company traded hands, compared to its average volume of 710,378. Vector Group has a 52 week low of $18.70 and a 52 week high of $23.14. The stock has a market capitalization of $2,739.71, a P/E ratio of 33.45 and a beta of 0.38. The company has a current ratio of 3.00, a quick ratio of 2.56 and a debt-to-equity ratio of -3.83.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Thursday, March 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Vector Group had a net margin of 4.68% and a negative return on equity of 28.77%. The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $425.80 million. During the same period last year, the business posted $0.12 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts predict that Vector Group will post 0.6 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of Vector Group by 253,400.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,070 shares of the company’s stock worth $113,000 after purchasing an additional 5,068 shares during the period. Taylor Hoffman Wealth Management purchased a new stake in shares of Vector Group during the fourth quarter worth about $184,000. Cypress Capital Group purchased a new stake in shares of Vector Group during the fourth quarter worth about $208,000. WealthPLAN Partners LLC purchased a new stake in shares of Vector Group during the fourth quarter worth about $212,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Vector Group by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 12,348 shares of the company’s stock worth $257,000 after purchasing an additional 2,567 shares during the period. 49.25% of the stock is currently owned by hedge funds and other institutional investors.

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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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