Teacher Retirement System of Texas increased its stake in Vector Group Ltd. (NYSE:VGR) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,853 shares of the company’s stock after buying an additional 1,557 shares during the period. Teacher Retirement System of Texas’ holdings in Vector Group were worth $288,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Vector Group by 7.6% in the first quarter. Renaissance Technologies LLC now owns 6,486,096 shares of the company’s stock worth $148,142,000 after buying an additional 460,865 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Vector Group by 12.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,821,822 shares of the company’s stock valued at $64,450,000 after buying an additional 307,150 shares during the period. State Street Corp boosted its stake in Vector Group by 3.5% in the first quarter. State Street Corp now owns 1,536,568 shares of the company’s stock valued at $35,095,000 after buying an additional 52,494 shares during the period. Teachers Advisors Inc. boosted its stake in Vector Group by 1.4% in the first quarter. Teachers Advisors Inc. now owns 691,945 shares of the company’s stock valued at $15,804,000 after buying an additional 9,812 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in Vector Group by 0.6% in the first quarter. Loomis Sayles & Co. L P now owns 642,466 shares of the company’s stock valued at $14,674,000 after buying an additional 3,877 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.
Vector Group Ltd. (NYSE:VGR) opened at 20.24 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 40.81 and a beta of 0.39. Vector Group Ltd. has a 52-week low of $19.33 and a 52-week high of $24.38. The company’s 50 day moving average is $21.37 and its 200-day moving average is $20.91.
Vector Group (NYSE:VGR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $438.30 million for the quarter, compared to analysts’ expectations of $430.70 million. Vector Group had a negative return on equity of 55.23% and a net margin of 3.65%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. On average, equities analysts anticipate that Vector Group Ltd. will post $0.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date was Monday, September 19th. Vector Group’s dividend payout ratio is currently 329.41%.
VGR has been the subject of several analyst reports. Zacks Investment Research raised shares of Vector Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $27.00 price target on shares of Vector Group in a research note on Tuesday, August 30th. Finally, TheStreet raised shares of Vector Group from a “hold” rating to a “buy” rating in a research note on Friday, September 16th.
About Vector Group
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; the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary, 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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