Hilton Capital Management buys $11,588,451 stake in Vector Group Ltd (VGR)

Vector Group Ltd (VGR) : Hilton Capital Management scooped up 26,311 additional shares in Vector Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 522,473 shares of Vector Group Ltd which is valued at $11,588,451.Vector Group Ltd makes up approximately 3.81% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Aviance Capital Management boosted its stake in VGR in the latest quarter, The investment management firm added 1,126 additional shares and now holds a total of 22,120 shares of Vector Group Ltd which is valued at $490,622. Vector Group Ltd makes up approx 0.01% of Aviance Capital Management’s portfolio.Strategic Advisors reduced its stake in VGR by selling 9,000 shares or 39.1% in the most recent quarter. The Hedge Fund company now holds 14,019 shares of VGR which is valued at $315,848. Vector Group Ltd makes up approx 0.18% of Strategic Advisors’s portfolio.Creative Planning reduced its stake in VGR by selling 848 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 75,627 shares of VGR which is valued at $1,703,876. Vector Group Ltd makes up approx 0.01% of Creative Planning’s portfolio.

Vector Group Ltd closed down -0.1 points or -0.45% at $22.09 with 5,24,180 shares getting traded on Friday. Post opening the session at $22.19, the shares hit an intraday low of $21.92 and an intraday high of $22.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Vector Group Ltd reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.22. The company had revenue of $438.30 million for the quarter, compared to analysts expectations of $430.70 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Vector Group Ltd. is a holding company 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; the sale of electronic cigarettes (e-cigarettes) in the United States and the real estate business through its New Valley LLC subsidiary which is seeking to acquire additional operating companies and real estate properties. The Company’s business segments include Tobacco E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations of the Company’s e-cigarette business. The Real Estate segment includes the Company’s investments in consolidated and non-consolidated real estate businesses.

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