Adams Diversified Equity Fund Inc. Has $506,000 Stake in Vector Group Ltd (VGR)

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Adams Diversified Equity Fund Inc. lifted its stake in shares of Vector Group Ltd (NYSE:VGR) by 35.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,700 shares of the company’s stock after buying an additional 9,600 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in Vector Group were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VGR. A.R.T. Advisors LLC boosted its stake in Vector Group by 51.1% in the first quarter. A.R.T. Advisors LLC now owns 20,115 shares of the company’s stock valued at $410,000 after buying an additional 6,800 shares in the last quarter. Jane Street Group LLC acquired a new stake in Vector Group in the first quarter valued at about $265,000. LPL Financial LLC boosted its stake in Vector Group by 4.8% in the first quarter. LPL Financial LLC now owns 90,835 shares of the company’s stock valued at $1,852,000 after buying an additional 4,168 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Vector Group by 3.9% in the first quarter. Guggenheim Capital LLC now owns 305,355 shares of the company’s stock valued at $6,227,000 after buying an additional 11,439 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Vector Group by 10.2% in the first quarter. Legal & General Group Plc now owns 43,511 shares of the company’s stock valued at $887,000 after buying an additional 4,037 shares in the last quarter. 46.37% of the stock is currently owned by institutional investors.

NYSE:VGR opened at $13.17 on Wednesday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 23.11 and a beta of 0.27. Vector Group Ltd has a twelve month low of $12.56 and a twelve month high of $23.14.

Vector Group (NYSE:VGR) last released its quarterly earnings data on Monday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $481.50 million for the quarter, compared to analyst estimates of $494.80 million. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. Vector Group’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. Equities analysts predict that Vector Group Ltd will post 0.42 EPS for the current fiscal year.

VGR has been the topic of several research analyst reports. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. ValuEngine lowered Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. UBS Group lowered Vector Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 3rd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Vector Group in a research note on Wednesday, October 3rd.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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

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