Vector Group (NYSE:VGR) Sets New 12-Month High Following Analyst Upgrade

Vector Group Ltd. (NYSE:VGR)’s share price reached a new 52-week high on Thursday after Barclays raised their price target on the stock from $15.00 to $16.00. Barclays currently has an overweight rating on the stock. Vector Group traded as high as $13.73 and last traded at $13.70, with a volume of 138031 shares. The stock had previously closed at $13.64.

Separately, StockNews.com raised Vector Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 25th.

Institutional Trading of Vector Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new position in Vector Group during the second quarter valued at $59,000. ORG Partners LLC raised its position in Vector Group by 252.3% in the 2nd quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock worth $66,000 after purchasing an additional 4,325 shares during the period. Somerset Trust Co purchased a new stake in Vector Group in the 2nd quarter worth about $110,000. SpiderRock Advisors LLC bought a new stake in Vector Group in the first quarter worth about $112,000. Finally, Private Portfolio Partners LLC purchased a new position in shares of Vector Group during the fourth quarter valued at approximately $113,000. Hedge funds and other institutional investors own 64.09% of the company’s stock.

Vector Group Stock Up 1.0 %

The business has a 50 day moving average price of $11.62 and a 200 day moving average price of $11.02. The stock has a market cap of $2.17 billion, a P/E ratio of 11.81 and a beta of 1.03.

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.