Metropolitan Life Insurance Co. NY Decreases Stake in Vector Group Ltd. (NYSE:VGR)
Metropolitan Life Insurance Co. NY cut its position in Vector Group Ltd. (NYSE:VGR) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,165 shares of the company’s stock after selling 660 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Vector Group were worth $1,335,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in Vector Group by 55.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,746 shares of the company’s stock worth $153,000 after buying an additional 2,411 shares in the last quarter. Bank of Montreal Can increased its stake in Vector Group by 27.0% in the first quarter. Bank of Montreal Can now owns 20,961 shares of the company’s stock worth $435,000 after buying an additional 4,460 shares in the last quarter. Cypress Capital Management LLC WY increased its stake in Vector Group by 1.1% in the first quarter. Cypress Capital Management LLC WY now owns 98,421 shares of the company’s stock worth $2,047,000 after buying an additional 1,039 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in Vector Group during the first quarter worth $568,000. Finally, Navellier & Associates Inc increased its stake in Vector Group by 4.8% in the first quarter. Navellier & Associates Inc now owns 16,777 shares of the company’s stock worth $349,000 after buying an additional 775 shares in the last quarter. 47.29% of the stock is owned by institutional investors.
Vector Group Ltd. (VGR) traded down 0.94% on Friday, reaching $21.13. The company’s stock had a trading volume of 514,535 shares. The stock has a 50-day moving average of $20.96 and a 200-day moving average of $21.40. Vector Group Ltd. has a one year low of $19.63 and a one year high of $23.24. The stock has a market cap of $2.72 billion, a P/E ratio of 57.11 and a beta of 0.46.
Vector Group (NYSE:VGR) last released its quarterly earnings results on Friday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The company had revenue of $472 million for the quarter, compared to analysts’ expectations of $449.40 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Vector Group Ltd. will post $0.67 EPS for the current fiscal year.
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Several analysts have recently commented on the stock. Zacks Investment Research cut Vector Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub cut Vector Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th.
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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