Cypress Capital Management LLC WY Acquires 18,165 Shares of Vector Group Ltd. (VGR)
Cypress Capital Management LLC WY increased its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,429 shares of the company’s stock after buying an additional 18,165 shares during the quarter. Vector Group accounts for approximately 3.0% of Cypress Capital Management LLC WY’s holdings, making the stock its 6th largest holding. Cypress Capital Management LLC WY owned 0.09% of Vector Group worth $2,527,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Parametrica Management Ltd acquired a new stake in Vector Group during the 3rd quarter worth $217,000. KCG Holdings Inc. raised its stake in Vector Group by 15.3% during the 1st quarter. KCG Holdings Inc. now owns 17,097 shares of the company’s stock worth $356,000 after buying an additional 2,266 shares during the period. Jensen Investment Management Inc. raised its stake in Vector Group by 24.2% during the 2nd quarter. Jensen Investment Management Inc. now owns 28,322 shares of the company’s stock worth $604,000 after buying an additional 5,510 shares during the period. Goldman Sachs Group Inc. raised its stake in Vector Group by 31.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 153,868 shares of the company’s stock worth $3,280,000 after buying an additional 37,045 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Vector Group by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 525,579 shares of the company’s stock worth $10,933,000 after buying an additional 30,491 shares during the period. 45.18% of the stock is currently owned by institutional investors and hedge funds.
Vector Group Ltd. (VGR) traded up $0.02 during mid-day trading on Thursday, reaching $21.73. The company’s stock had a trading volume of 617,100 shares, compared to its average volume of 681,571. The company has a market cap of $2,934.73, a PE ratio of 33.13 and a beta of 0.43. The company has a debt-to-equity ratio of -3.97, a quick ratio of 2.29 and a current ratio of 2.61. Vector Group Ltd. has a 52-week low of $18.70 and a 52-week high of $22.14.
Vector Group (NYSE:VGR) last released its earnings results on Tuesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $484.60 million during the quarter, compared to analysts’ expectations of $448.00 million. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. equities analysts expect that Vector Group Ltd. will post 0.66 earnings per share for the current year.
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A number of equities analysts have issued reports on VGR shares. TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded Vector Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th.
Vector Group 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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