Jensen Investment Management Inc. Has $604,000 Stake in Vector Group Ltd. (VGR)
Jensen Investment Management Inc. raised its position in Vector Group Ltd. (NYSE:VGR) by 24.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 28,322 shares of the company’s stock after buying an additional 5,510 shares during the period. Jensen Investment Management Inc.’s holdings in Vector Group were worth $604,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Vector Group by 3.5% in the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock worth $180,077,000 after buying an additional 288,771 shares during the last quarter. Renaissance Technologies LLC boosted its position in Vector Group by 14.3% in the first quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock worth $156,892,000 after buying an additional 942,683 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Vector Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,380,984 shares of the company’s stock worth $49,524,000 after buying an additional 22,806 shares during the last quarter. State Street Corp boosted its position in Vector Group by 7.6% in the first quarter. State Street Corp now owns 1,929,674 shares of the company’s stock worth $40,137,000 after buying an additional 136,772 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Vector Group by 4.5% in the second quarter. Acadian Asset Management LLC now owns 1,414,466 shares of the company’s stock worth $30,158,000 after buying an additional 61,204 shares during the last quarter. 47.68% of the stock is owned by institutional investors.
Vector Group Ltd. (NYSE:VGR) traded up 0.75% during midday trading on Thursday, reaching $21.49. The company’s stock had a trading volume of 132,747 shares. Vector Group Ltd. has a 52 week low of $19.63 and a 52 week high of $23.24. The firm has a market capitalization of $2.77 billion, a P/E ratio of 58.08 and a beta of 0.46. The company’s 50-day moving average is $20.99 and its 200 day moving average is $21.36.
Vector Group (NYSE:VGR) last released its earnings results on Friday, August 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.18 by $0.07. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The business had revenue of $472 million during the quarter, compared to analyst estimates of $449.40 million. During the same period in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Vector Group Ltd. will post $0.67 earnings per share for the current fiscal year.
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Several equities research analysts have commented on VGR shares. BidaskClub lowered Vector Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, TheStreet lowered 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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