The stock of Vector Group Ltd (NYSE:VGR) is a huge mover today! About 139,745 shares traded hands. Vector Group Ltd (NYSE:VGR) has declined 8.35% since March 10, 2016 and is downtrending. It has underperformed by 15.87% the S&P500.
The move comes after 6 months negative chart setup for the $2.67B company. It was reported on Oct, 13 by Barchart.com. We have $19.14 PT which if reached, will make NYSE:VGR worth $160.20 million less.
Analysts await Vector Group Ltd (NYSE:VGR) to report earnings on November, 7. They expect $0.17 EPS, up 54.55% or $0.06 from last year’s $0.11 per share. VGR’s profit will be $22.29 million for 29.94 P/E if the $0.17 EPS becomes a reality. After $0.20 actual EPS 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 fall, 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.
Teacher Retirement System Of Texas has invested 0% of its portfolio in Vector Group Ltd (NYSE:VGR). Greenwich Wealth Limited Liability Corp, a Connecticut-based fund reported 19,751 shares. Ameriprise Financial Inc last reported 32,300 shares in the company. Moreover, Mycio Wealth Prns Limited Liability Com has 0.02% invested in Vector Group Ltd (NYSE:VGR) for 5,650 shares. Raymond James Services Advsr last reported 17,506 shares in the company. Goldman Sachs Inc accumulated 0% or 292,859 shares. Ladenburg Thalmann Fincl holds 35,017 shares or 0.01% of its portfolio. The Pennsylvania-based Janney Montgomery Scott Limited Liability has invested 0.03% in Vector Group Ltd (NYSE:VGR). Gradient Investments Ltd Co last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na accumulated 2.96 million shares or 0.01% of the stock. First L P holds 36,841 shares or 0% of its portfolio. Analytic Limited Liability Co has invested 0.03% of its portfolio in Vector Group Ltd (NYSE:VGR). Alliancebernstein Lp reported 139,789 shares or 0% of all its holdings. The Ohio-based Strs Ohio has invested 0% in Vector Group Ltd (NYSE:VGR). Hightower Advsr Ltd has 195,927 shares for 0.06% of their US portfolio.
More important 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 article titled: “Vector Group: On It’s Last Puff”, Businesswire.com published: “CORRECTING and REPLACING Vector Group Declares Quarterly Cash Dividend” on September 02, 2015. More interesting news about Vector Group Ltd (NYSE:VGR) was released by: Seekingalpha.com and their article: “Vector Group: Collapse Imminent” with publication date: March 30, 2016.
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.
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