Separately, Zacks Investment Research raised shares of Vector Group from a “sell” rating to a “hold” rating in a report on Saturday, July 13th.
Vector Group stock opened at $11.10 on Wednesday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 19.14 and a beta of 0.74. The stock has a fifty day simple moving average of $9.92. Vector Group has a 12 month low of $8.62 and a 12 month high of $18.66.
Institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its holdings in Vector Group by 208.3% in the first quarter. Lindbrook Capital LLC now owns 3,450 shares of the company’s stock worth $37,000 after purchasing an additional 2,331 shares during the period. Royce & Associates LP lifted its stake in Vector Group by 28.3% in the first quarter. Royce & Associates LP now owns 4,845 shares of the company’s stock valued at $52,000 after buying an additional 1,068 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Vector Group by 500.9% in the first quarter. Quadrant Capital Group LLC now owns 6,556 shares of the company’s stock valued at $69,000 after buying an additional 5,465 shares during the last quarter. AE Wealth Management LLC bought a new stake in Vector Group in the second quarter valued at $99,000. Finally, Wedbush Securities Inc. bought a new stake in Vector Group in the first quarter valued at $136,000. 52.22% of the stock is owned by hedge funds and other institutional investors.
Vector Group Company Profile
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 in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
Read More: What Are Cryptocurrencies?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Vector Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group and related companies with MarketBeat.com's FREE daily email newsletter.