Price Don’t Lie: Vector Group Ltd Sets Yearly Low; Strong Momentum for Sellers

Price Don't Lie: Vector Group Ltd Sets Yearly Low; Strong Momentum for Sellers

The stock of Vector Group Ltd (NYSE:VGR) hit a new 52-week low and has $18.47 target or 9.00% below today’s $20.30 share price. The 5 months bearish chart indicates high risk for the $2.58B company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $18.47 price target is reached, the company will be worth $232.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 119,852 shares traded hands. Vector Group Ltd (NYSE:VGR) has declined 6.95% since March 3, 2016 and is downtrending. It has underperformed by 15.29% the S&P500.

Analysts await Vector Group Ltd (NYSE:VGR) to report earnings on November, 7. They expect $0.17 earnings per share, up 54.55% or $0.06 from last year’s $0.11 per share. VGR’s profit will be $21.61M for 29.85 P/E if the $0.17 EPS becomes a reality. After $0.20 actual earnings per share reported by Vector Group Ltd for the previous quarter, Wall Street now forecasts -15.00% negative EPS growth.

According to Zacks Investment Research, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses.”

Insitutional Activity: The institutional sentiment decreased to 1.29 in 2016 Q2. Its down 0.21, from 1.5 in 2016Q1. The ratio dropped, as 21 funds sold all Vector Group Ltd shares owned while 56 reduced positions. 23 funds bought stakes while 76 increased positions. They now own 52.82 million shares or 1.53% less from 53.65 million shares in 2016Q1.
Voya Mgmt Ltd last reported 929,420 shares in the company. Whittier Trust Of Nevada Inc holds 37 shares or 0% of its portfolio. Inr Advisory Service Ltd Company has 0.01% invested in the company for 1,491 shares. Public Employees Retirement Association Of Colorado reported 23,880 shares or 0% of all its holdings. The Alabama-based Stanley has invested 0.37% in Vector Group Ltd (NYSE:VGR). Signaturefd Ltd Liability Corp has 2,100 shares for 0.01% of their US portfolio. Whittier Trust holds 346 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement System has invested 0% of its portfolio in Vector Group Ltd (NYSE:VGR). Janney Montgomery Scott Limited Liability Company last reported 68,302 shares in the company. Swiss Bank owns 153,339 shares or 0.01% of their US portfolio. Bank Of New York Mellon has 0.01% invested in the company for 792,973 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Vector Group Ltd (NYSE:VGR) for 3,068 shares. Nationwide Fund Advsr last reported 57,932 shares in the company. The Maryland-based Price T Rowe Assocs Md has invested 0.01% in Vector Group Ltd (NYSE:VGR). Regions has 13,034 shares for 0% of their US portfolio.

More recent Vector Group Ltd (NYSE:VGR) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Vector Group, KAR Auction Services and Cincinnati Financial” on September 15, 2016. Also Seekingalpha.com published the news titled: “Vector Group: On It’s Last Puff” on September 22, 2016. Businesswire.com‘s news article titled: “CORRECTING and REPLACING Vector Group Declares Quarterly Cash Dividend” with publication date: September 02, 2015 was also an interesting one.

VGR Company Profile

Vector Group Ltd., incorporated on September 7, 1999, is a holding company. The Firm is 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 through its Zoom E-Cigs LLC (Zoom) subsidiary, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects. The Company’s business divisions include Tobacco, E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the activities of the Company’s e-cigarette business. The Real Estate segment includes the Company’s investments in New Valley LLC, which includes Douglas Elliman, Escena, Sagaponack and investments in real estate ventures.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment