Vector Group Ltd (VGR) : Archford Capital Strategies scooped up 254 additional shares in Vector Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 80,296 shares of Vector Group Ltd which is valued at $1,752,862.Vector Group Ltd makes up approximately 0.89% of Archford Capital Strategies’s portfolio.
Other Hedge Funds, Including , Bluemar Capital Management added VGR to its portfolio by purchasing 188,820 company shares during the most recent quarter which is valued at $4,121,941. Vector Group Ltd makes up approx 1.90% of Bluemar Capital Management’s portfolio.Parametric Portfolio Associates reduced its stake in VGR by selling 21,849 shares or 4.82% in the most recent quarter. The Hedge Fund company now holds 431,218 shares of VGR which is valued at $9,413,489. Vector Group Ltd makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Group One Trading reduced its stake in VGR by selling 10,300 shares or 92.65% in the most recent quarter. The Hedge Fund company now holds 817 shares of VGR which is valued at $17,835.Msi Financial Services Inc boosted its stake in VGR in the latest quarter, The investment management firm added 10,878 additional shares and now holds a total of 34,421 shares of Vector Group Ltd which is valued at $763,458. Vector Group Ltd makes up approx 0.03% of Msi Financial Services Inc’s portfolio. Simplex Trading sold out all of its stake in VGR during the most recent quarter. The investment firm sold 1,639 shares of VGR which is valued $36,927.
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 Companys 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 Companys investments in consolidated and non-consolidated real estate businesses.