Vector Group’s (VGR) “Hold” Rating Reaffirmed at Oppenheimer

Oppenheimer restated their hold rating on shares of Vector Group (NYSE:VGR) in a report released on Wednesday.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Vector Group from a sell rating to a hold rating in a research note on Friday, October 5th. UBS Group cut Vector Group from an outperform rating to a market perform rating in a research note on Wednesday, October 3rd. Finally, ValuEngine cut Vector Group from a hold rating to a sell rating in a research note on Wednesday, August 8th.

NYSE:VGR traded up $0.35 on Wednesday, reaching $14.02. The company’s stock had a trading volume of 1,470,015 shares, compared to its average volume of 1,366,463. Vector Group has a 1-year low of $12.56 and a 1-year high of $23.14. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 24.59 and a beta of 0.29.

Vector Group (NYSE:VGR) last posted its earnings results on Wednesday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. The firm had revenue of $513.90 million during the quarter, compared to analysts’ expectations of $495.70 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Vector Group will post 0.42 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Northern Trust Corp grew its stake in Vector Group by 5.0% in the second quarter. Northern Trust Corp now owns 1,229,262 shares of the company’s stock valued at $23,455,000 after acquiring an additional 58,872 shares during the period. Global X Management Co LLC boosted its position in shares of Vector Group by 0.4% during the second 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 period. Schwab Charles Investment Management Inc. boosted its position in shares of Vector Group by 6.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 751,647 shares of the company’s stock worth $14,342,000 after buying an additional 47,129 shares during the period. Martingale Asset Management L P boosted its position in shares of Vector Group by 2.3% during the second quarter. Martingale Asset Management L P now owns 243,918 shares of the company’s stock worth $4,654,000 after buying an additional 5,400 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Vector Group by 90.5% during the third quarter. Private Advisor Group LLC now owns 239,972 shares of the company’s stock worth $3,307,000 after buying an additional 114,024 shares during the period. 45.50% of the stock is owned by hedge funds and other institutional investors.

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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