Vector Group (NYSE:VGR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Vector Group (NYSE:VGR) in a research note published on Tuesday morning. The firm issued a strong-buy rating on the stock.

Separately, Barclays increased their price target on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th.

Vector Group Stock Performance

Vector Group stock opened at $14.99 on Tuesday. The firm has a market cap of $2.36 billion, a PE ratio of 12.92 and a beta of 1.04. The firm’s 50 day moving average price is $14.97 and its two-hundred day moving average price is $13.11. Vector Group has a twelve month low of $9.27 and a twelve month high of $15.53.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VGR. Jane Street Group LLC increased its stake in shares of Vector Group by 1,195.9% during the 3rd quarter. Jane Street Group LLC now owns 1,150,010 shares of the company’s stock worth $17,158,000 after purchasing an additional 1,061,269 shares during the last quarter. Slotnik Capital LLC acquired a new position in Vector Group in the 3rd quarter valued at $6,475,000. Paloma Partners Management Co acquired a new position in Vector Group in the 3rd quarter valued at $4,798,000. Thompson Siegel & Walmsley LLC raised its holdings in Vector Group by 78.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock worth $7,046,000 after acquiring an additional 293,338 shares during the period. Finally, Algert Global LLC lifted its position in Vector Group by 72.9% during the 2nd quarter. Algert Global LLC now owns 691,014 shares of the company’s stock worth $7,304,000 after acquiring an additional 291,404 shares during the last quarter. Institutional investors and hedge funds own 64.09% of the company’s stock.

About Vector Group

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20’s, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.