Vector Group Sees Unusually High Options Volume (NYSE:VGR)

Vector Group Ltd (NYSE:VGR) was the target of unusually large options trading on Thursday. Stock traders bought 1,033 put options on the stock. This represents an increase of approximately 1,277% compared to the typical daily volume of 75 put options.

VGR has been the topic of several recent analyst reports. Zacks Investment Research upgraded Vector Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. ValuEngine upgraded Vector Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Vector Group by 4.0% during the second quarter. BlackRock Inc. now owns 10,815,959 shares of the company’s stock valued at $105,455,000 after buying an additional 415,568 shares in the last quarter. Invesco Ltd. raised its stake in Vector Group by 27.8% during the second quarter. Invesco Ltd. now owns 3,899,300 shares of the company’s stock valued at $38,018,000 after buying an additional 849,163 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Vector Group by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 3,657,747 shares of the company’s stock valued at $35,663,000 after buying an additional 174,047 shares in the last quarter. ETF Managers Group LLC acquired a new stake in Vector Group during the second quarter valued at approximately $19,028,000. Finally, Man Group plc raised its stake in Vector Group by 19.3% during the second quarter. Man Group plc now owns 1,900,035 shares of the company’s stock valued at $18,525,000 after buying an additional 307,220 shares in the last quarter. Hedge funds and other institutional investors own 49.50% of the company’s stock.

NYSE:VGR opened at $11.19 on Friday. Vector Group has a one year low of $8.62 and a one year high of $14.46. The business’s 50-day simple moving average is $11.99 and its 200 day simple moving average is $10.60. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 20.35 and a beta of 0.70.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.19. Vector Group had a negative return on equity of 19.73% and a net margin of 4.55%. The firm had revenue of $538.40 million for the quarter, compared to analysts’ expectations of $494.50 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Vector Group’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities research analysts expect that Vector Group will post 0.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 14.30%. The ex-dividend date of this dividend was Monday, September 16th. Vector Group’s payout ratio is currently 290.91%.

Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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