Sfmg adds Vector Group Ltd (VGR) to its portfolio

Vector Group Ltd (VGR) : Sfmg added new position in Vector Group Ltd during the most recent quarter end. The investment management firm now holds 24,950 shares of Vector Group Ltd which is valued at $544,659 , the company said in a statement filed on Aug 15, 2016 with the SEC.Vector Group Ltd makes up approximately 0.12% of Sfmg’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership boosted its stake in VGR in the latest quarter, The investment management firm added 226,342 additional shares and now holds a total of 1,309,919 shares of Vector Group Ltd which is valued at $28,595,532. Vector Group Ltd makes up approx 0.11% of Arrowstreet Capital Limited Partnership’s portfolio.Nwam boosted its stake in VGR in the latest quarter, The investment management firm added 4,244 additional shares and now holds a total of 24,061 shares of Vector Group Ltd which is valued at $523,086. Vector Group Ltd makes up approx 0.20% of Nwam’s portfolio.Bb&t Securities boosted its stake in VGR in the latest quarter, The investment management firm added 516 additional shares and now holds a total of 33,648 shares of Vector Group Ltd which is valued at $731,508. Vector Group Ltd makes up approx 0.01% of Bb&t Securities’s portfolio.

Vector Group Ltd opened for trading at $22.31 and hit $22.39 on the upside on Thursday, eventually ending the session at $22.34, with a gain of 0.13% or 0.03 points. The heightened volatility saw the trading volume jump to 4,50,757 shares. Company has a market cap of $2,765 M.

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.

Investors should note that on Aug 31, 2016, Vector Group Ltd announced a cash dividend of $0.4000. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Sep 29, 2016.

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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