Signition LP Buys New Stake in Vector Group Ltd (VGR)

Signition LP bought a new position in Vector Group Ltd (NYSE:VGR) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 11,620 shares of the company’s stock, valued at approximately $160,000.

A number of other institutional investors have also recently made changes to their positions in VGR. Fort L.P. bought a new stake in Vector Group in the 2nd quarter worth $120,000. Cypress Capital Group bought a new stake in Vector Group in the 2nd quarter worth $217,000. ARP Americas LP bought a new stake in Vector Group in the 3rd quarter worth $226,000. Jane Street Group LLC bought a new stake in Vector Group in the 1st quarter worth $265,000. Finally, American Asset Management Inc. grew its holdings in Vector Group by 39.6% in the 3rd quarter. American Asset Management Inc. now owns 20,111 shares of the company’s stock worth $277,000 after acquiring an additional 5,703 shares during the last quarter. 45.50% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Vector Group from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Oppenheimer reissued a “market perform” rating on shares of Vector Group in a report on Wednesday, October 3rd. UBS Group lowered shares of Vector Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 3rd. Finally, ValuEngine lowered shares of Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.

Shares of VGR opened at $13.44 on Wednesday. The stock has a market cap of $1.86 billion, a PE ratio of 23.58 and a beta of 0.29. Vector Group Ltd has a 1-year low of $12.56 and a 1-year high of $23.14.

Vector Group (NYSE:VGR) last announced its earnings results on Monday, August 6th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $481.50 million for the quarter, compared to analyst estimates of $494.80 million. Vector Group had a net margin of 4.75% and a negative return on equity of 18.66%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, sell-side analysts forecast that Vector Group Ltd will post 0.42 earnings per share for the current fiscal year.

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

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