Exclusive: What’s Next for Vector Group Ltd After Achieving Yearly Low?

Exclusive: What's Next for Vector Group Ltd After Achieving Yearly Low?

The stock of Vector Group Ltd (NYSE:VGR) hit a new 52-week low and has $19.09 target or 6.00% below today’s $20.31 share price. The 8 months bearish chart indicates high risk for the $2.64B company. The 1-year low was reported on Oct, 19 by Barchart.com. If the $19.09 price target is reached, the company will be worth $158.40M 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 62,994 shares traded hands. Vector Group Ltd (NYSE:VGR) has declined 8.13% since March 16, 2016 and is downtrending. It has underperformed by 13.67% 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 $22.10M for 29.87 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 Q2 2016. Its down 0.21, from 1.5 in 2016Q1. The ratio is negative, 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.
Renaissance Technology Llc last reported 0.25% of its portfolio in the stock. Moreover, Blackrock Limited has 0% invested in Vector Group Ltd (NYSE:VGR) for 110,763 shares. First Allied Advisory Services holds 11,423 shares or 0.01% of its portfolio. Envestnet Asset Inc holds 6,485 shares or 0% of its portfolio. Mckinley Capital Mngmt Limited Liability Com Delaware accumulated 0.04% or 33,038 shares. Bank Of New York Mellon Corp last reported 0.01% of its portfolio in the stock. Fmr Limited Liability Com has 1.22M shares for 0% of their US portfolio. Princeton Alpha Mgmt Ltd Partnership holds 21,876 shares or 0.09% of its portfolio. Finemark Fincl Bank Tru accumulated 0% or 51 shares. Price T Rowe Associates Md has invested 0.01% of its portfolio in Vector Group Ltd (NYSE:VGR). North Star Invest Mgmt accumulated 0.03% or 7,274 shares. Wells Fargo & Co Mn reported 278,789 shares or 0% of all its holdings. Sfmg Limited Liability Com has 0.12% invested in the company for 24,950 shares. Texas Yale Capital accumulated 0.17% or 77,541 shares. Analytic Invsts Ltd Company holds 124,701 shares or 0.03% of its 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.

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