APG Asset Management N.V. Purchases New Holdings in Vector Group Ltd (VGR)

APG Asset Management N.V. purchased a new stake in Vector Group Ltd (NYSE:VGR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 82,300 shares of the company’s stock, valued at approximately $1,534,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia acquired a new stake in Vector Group in the 2nd quarter worth approximately $12,230,000. Acadian Asset Management LLC boosted its stake in Vector Group by 34.7% in the 4th quarter. Acadian Asset Management LLC now owns 1,353,200 shares of the company’s stock worth $30,285,000 after purchasing an additional 348,519 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Vector Group by 144.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 557,801 shares of the company’s stock worth $11,418,000 after purchasing an additional 329,186 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vector Group by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,646,146 shares of the company’s stock worth $54,168,000 after purchasing an additional 141,920 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Vector Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock worth $187,336,000 after purchasing an additional 129,372 shares in the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.

Separately, Zacks Investment Research reiterated a “hold” rating on shares of Vector Group in a research note on Saturday, January 13th.

Shares of Vector Group Ltd (VGR) opened at $19.91 on Friday. The company has a market cap of $2,730.00, a P/E ratio of 62.22 and a beta of 0.35. The company has a debt-to-equity ratio of -3.97, a current ratio of 2.61 and a quick ratio of 2.29. Vector Group Ltd has a 12 month low of $18.70 and a 12 month high of $23.14.

Vector Group (NYSE:VGR) last released its earnings results on Tuesday, November 7th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $484.60 million during the quarter, compared to analysts’ expectations of $448.00 million. Vector Group had a net margin of 2.60% and a negative return on equity of 32.02%. Vector Group’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. analysts anticipate that Vector Group Ltd will post 0.66 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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