Vector Group (NYSE:VGR)‘s stock had its “hold” rating reissued by Zacks Investment Research in a report issued on Saturday.
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. “
Shares of Vector Group (NYSE:VGR) opened at $21.55 on Friday. 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 has a 12 month low of $18.70 and a 12 month high of $23.14. The stock has a market cap of $2,913.10, a PE ratio of 65.30 and a beta of 0.45.
Several hedge funds have recently bought and sold shares of VGR. Public Employees Retirement System of Ohio boosted its stake in shares of Vector Group by 7.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,114 shares of the company’s stock worth $109,000 after acquiring an additional 344 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Vector Group by 15.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,781 shares of the company’s stock valued at $209,000 after buying an additional 1,289 shares in the last quarter. Parametrica Management Ltd purchased a new position in Vector Group in the 3rd quarter valued at about $217,000. Prudential Financial Inc. lifted its stake in Vector Group by 4.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,078 shares of the company’s stock valued at $236,000 after buying an additional 470 shares in the last quarter. Finally, Numeric Investors LLC purchased a new position in Vector Group in the 2nd quarter valued at about $251,000. 47.19% of the stock is currently owned by institutional investors and hedge funds.
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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, 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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