Following The Money: Institution’s Growing Stake In Vector Group Ltd (NYSE: VGR)

Vector Group Ltd (VGR) concluded trading on Wednesday at a closing price of $15.13, with 12.06 million shares of worth about $182.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.06% during that period and on August 21, 2024 the price saw a gain of about 8.15%. Currently the company’s common shares owned by public are about 154.84M shares, out of which, 132.86M shares are available for trading.

Stock saw a price change of 10.92% in past 5 days and over the past one month there was a price change of 24.53%. Year-to-date (YTD), VGR shares are showing a performance of 34.13% which increased to 42.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.27 but also hit the highest price of $14.07 during that period. The average intraday trading volume for Vector Group Ltd shares is 1.42 million. The stock is currently trading 14.66% above its 20-day simple moving average (SMA20), while that difference is up 27.43% for SMA50 and it goes to 36.82% higher than SMA200.

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Vector Group Ltd (NYSE: VGR) currently have 154.84M outstanding shares and institutions hold larger chunk of about 68.33% of that.

The stock has a current market capitalization of $2.38B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 11.99, while it has posted earnings per share of $1.26 in the same period. Its PEG reads 0.63 and has Quick Ratio of 2.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VGR, volatility over the week remained 2.50% while standing at 2.67% over the month.

Stock’s fiscal year EPS is expected to rise by 5.12% while it is estimated to increase by 8.66% in next year. EPS is likely to shrink at an annualized rate of 19.10% for next 5-years, compared to annual growth of 27.26% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on March 31, 2022 offering an Overweight rating for the stock and assigned a target price range of between $12 and $16 to it. Coverage by Barclays stated Vector Group Ltd (VGR) stock as an Equal weight in their note to investors on November 15, 2021, suggesting a price target of $17 for the stock. On November 09, 2021, Oppenheimer Upgrade their recommendations, while on September 13, 2021, Barclays Downgrade their ratings for the stock with a price target of $13. Stock get an Equal weight rating from Barclays on October 05, 2020.

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