Los Angeles Capital Management LLC Acquires Shares of 13,629 Vector Group Ltd. (NYSE:VGR)

Los Angeles Capital Management LLC bought a new position in shares of Vector Group Ltd. (NYSE:VGR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,629 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC increased its stake in shares of Vector Group by 78.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock valued at $7,046,000 after buying an additional 293,338 shares during the period. Algert Global LLC boosted its stake in shares of Vector Group by 72.9% during the second quarter. Algert Global LLC now owns 691,014 shares of the company’s stock valued at $7,304,000 after purchasing an additional 291,404 shares in the last quarter. Vanguard Group Inc. increased its holdings in Vector Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 17,868,987 shares of the company’s stock valued at $195,844,000 after buying an additional 283,371 shares during the period. Renaissance Technologies LLC raised its stake in Vector Group by 2.5% in the second quarter. Renaissance Technologies LLC now owns 8,309,315 shares of the company’s stock worth $87,829,000 after buying an additional 198,893 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Vector Group by 1,098.6% during the second quarter. SG Americas Securities LLC now owns 190,888 shares of the company’s stock worth $2,018,000 after buying an additional 174,962 shares during the period. Hedge funds and other institutional investors own 64.09% of the company’s stock.

Vector Group Stock Performance

Shares of VGR opened at $14.99 on Tuesday. The firm has a market cap of $2.36 billion, a PE ratio of 12.92 and a beta of 1.04. Vector Group Ltd. has a 12 month low of $9.27 and a 12 month high of $15.53. The stock has a fifty day moving average price of $14.96 and a 200-day moving average price of $13.07.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VGR shares. StockNews.com began coverage on Vector Group in a report on Tuesday. They issued a “strong-buy” rating on the stock. Barclays lifted their target price on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th.

About Vector Group

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