UBS Group AG decreased its position in Vector Group Ltd. (NYSE:VGR) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,218 shares of the company’s stock after selling 33,295 shares during the period. UBS Group AG owned approximately 0.17% of Vector Group worth $4,720,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Mycio Wealth Partners LLC raised its stake in Vector Group by 5.0% in the third quarter. Mycio Wealth Partners LLC now owns 5,932 shares of the company’s stock worth $128,000 after buying an additional 282 shares during the period. North Star Investment Management Corp. raised its stake in Vector Group by 5.0% in the third quarter. North Star Investment Management Corp. now owns 7,635 shares of the company’s stock worth $164,000 after buying an additional 361 shares during the period. Waldron LP raised its stake in Vector Group by 3.6% in the third quarter. Waldron LP now owns 9,186 shares of the company’s stock worth $204,000 after buying an additional 321 shares during the period. Amalgamated Bank raised its stake in Vector Group by 5.4% in the second quarter. Amalgamated Bank now owns 9,516 shares of the company’s stock worth $208,000 after buying an additional 490 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Vector Group by 14.7% in the third quarter. Pacer Advisors Inc. now owns 10,107 shares of the company’s stock worth $218,000 after buying an additional 1,292 shares during the period. 44.28% of the stock is currently owned by institutional investors and hedge funds.
Vector Group Ltd. (NYSE:VGR) traded up 0.35% during mid-day trading on Friday, reaching $22.63. 279,515 shares of the company were exchanged. Vector Group Ltd. has a one year low of $19.33 and a one year high of $23.24. The stock has a 50 day moving average of $22.53 and a 200-day moving average of $21.50. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 38.95 and a beta of 0.51.
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In other news, insider Howard M. Lorber sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $22.85, for a total transaction of $6,855,000.00. Following the sale, the insider now owns 436,665 shares of the company’s stock, valued at approximately $9,977,795.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bennett S. Lebow sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $22.64, for a total transaction of $2,264,000.00. Following the sale, the director now directly owns 1,719,102 shares in the company, valued at approximately $38,920,469.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 900,000 shares of company stock worth $20,334,000. Insiders own 14.00% of the company’s stock.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company 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.
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