Renaissance Technologies LLC Has $184.94 Million Position in Vector Group Ltd (VGR)

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Renaissance Technologies LLC decreased its stake in shares of Vector Group Ltd (NYSE:VGR) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,692,773 shares of the company’s stock after selling 196,631 shares during the period. Renaissance Technologies LLC owned about 7.22% of Vector Group worth $184,938,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Vector Group during the first quarter valued at approximately $115,000. McKinley Carter Wealth Services Inc. purchased a new position in Vector Group in the first quarter worth $153,000. Cornerstone Wealth Management LLC purchased a new position in Vector Group in the second quarter worth $556,000. Fisher Asset Management LLC purchased a new position in Vector Group in the first quarter worth $242,000. Finally, Element Capital Management LLC purchased a new position in Vector Group in the first quarter worth $244,000. 48.72% of the stock is currently owned by institutional investors.

VGR stock opened at $15.82 on Wednesday. The company has a debt-to-equity ratio of -2.54, a quick ratio of 1.17 and a current ratio of 1.36. Vector Group Ltd has a 1-year low of $15.36 and a 1-year high of $23.14. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 26.37 and a beta of 0.29.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. The business had revenue of $481.50 million for the quarter, compared to analysts’ expectations of $494.80 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. research analysts predict that Vector Group Ltd will post 0.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Tuesday, September 18th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.60 annualized dividend and a yield of 10.11%. Vector Group’s dividend payout ratio is currently 266.67%.

Several research analysts have weighed in on the company. Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. ValuEngine cut Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, Oppenheimer set a $27.00 price objective on Vector Group and gave the stock a “buy” rating in a research report on Wednesday, May 9th.

Vector Group Company 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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