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

StockNews.com began coverage on shares of Vector Group (NYSE:VGR) in a report released on Tuesday. The brokerage issued a strong-buy rating on the stock.

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

Vector Group Stock Performance

Shares of VGR stock opened at $14.99 on Tuesday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04. Vector Group has a 1 year low of $9.27 and a 1 year high of $15.53. The firm’s fifty day simple moving average is $14.97 and its 200 day simple moving average is $13.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Vector Group during the second quarter worth $59,000. ORG Partners LLC boosted its stake in Vector Group by 252.3% during the second quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock worth $66,000 after buying an additional 4,325 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Vector Group by 19.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,001 shares of the company’s stock worth $75,000 after buying an additional 824 shares in the last quarter. Quarry LP boosted its stake in Vector Group by 112.6% during the second quarter. Quarry LP now owns 9,648 shares of the company’s stock worth $102,000 after buying an additional 5,110 shares in the last quarter. Finally, Somerset Trust Co acquired a new stake in Vector Group during the second quarter worth $110,000. 64.09% of the stock is currently owned by institutional investors and hedge funds.

Vector Group Company Profile

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.