IFP Advisors Inc Boosts Holdings in Vector Group Ltd. (VGR)

IFP Advisors Inc grew its stake in Vector Group Ltd. (NYSE:VGR) by 135.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,742 shares of the company’s stock after purchasing an additional 18,275 shares during the period. IFP Advisors Inc’s holdings in Vector Group were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Parametrica Management Ltd bought a new stake in shares of Vector Group in the 3rd quarter valued at approximately $217,000. KCG Holdings Inc. boosted its holdings in shares of Vector Group by 15.3% in the 1st quarter. KCG Holdings Inc. now owns 17,097 shares of the company’s stock worth $356,000 after acquiring an additional 2,266 shares in the last quarter. Jensen Investment Management Inc. boosted its holdings in shares of Vector Group by 24.2% in the 2nd quarter. Jensen Investment Management Inc. now owns 28,322 shares of the company’s stock worth $604,000 after acquiring an additional 5,510 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Vector Group by 31.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 153,868 shares of the company’s stock worth $3,280,000 after acquiring an additional 37,045 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Vector Group by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 525,579 shares of the company’s stock worth $10,933,000 after acquiring an additional 30,491 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Vector Group Ltd. (NYSE VGR) opened at $21.71 on Wednesday. The company has a market capitalization of $2,929.32, a P/E ratio of 33.07 and a beta of 0.43. The company has a quick ratio of 2.29, a current ratio of 2.61 and a debt-to-equity ratio of -3.97. Vector Group Ltd. has a 1-year low of $18.70 and a 1-year high of $22.14.

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

VGR has been the topic of several recent analyst reports. TheStreet downgraded Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub raised Vector Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th.

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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.

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

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