Vector Group (VGR) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of Vector Group (NYSE:VGR) from a hold rating to a sell rating in a research note released on Wednesday morning.

According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “

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Shares of Vector Group (VGR) opened at $21.18 on Wednesday. The stock has a market cap of $2,860.00, a price-to-earnings ratio of 57.24 and a beta of 0.41. Vector Group has a twelve month low of $18.70 and a twelve month high of $23.14. The company has a debt-to-equity ratio of -3.83, a current ratio of 3.00 and a quick ratio of 2.29.

Vector Group (NYSE:VGR) last announced its earnings results on Thursday, March 1st. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $425.80 million. Vector Group had a net margin of 4.68% and a negative return on equity of 28.77%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. equities analysts expect that Vector Group will post 0.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Tuesday, March 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Monday, March 19th. Vector Group’s payout ratio is 432.43%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Vector Group by 217.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 104,883 shares of the company’s stock valued at $2,347,000 after purchasing an additional 71,893 shares in the last quarter. WealthPLAN Partners LLC bought a new stake in shares of Vector Group during the 4th quarter valued at about $212,000. MetLife Investment Advisors LLC bought a new stake in shares of Vector Group during the 4th quarter valued at about $1,055,000. Jump Trading LLC bought a new stake in shares of Vector Group during the 4th quarter valued at about $444,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Vector Group by 78.8% during the 4th quarter. Vident Investment Advisory LLC now owns 25,657 shares of the company’s stock valued at $574,000 after purchasing an additional 11,310 shares in the last quarter. 48.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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