Vector Group Ltd. (NYSE:VGR) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in shares of Vector Group Ltd. (NYSE:VGRGet Rating) by 142.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,588 shares of the company’s stock after purchasing an additional 6,224 shares during the period. Lazard Asset Management LLC’s holdings in Vector Group were worth $111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its position in shares of Vector Group by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 18,857 shares of the company’s stock valued at $227,000 after acquiring an additional 978 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Vector Group by 36.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 44,076 shares of the company’s stock valued at $531,000 after acquiring an additional 11,822 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Vector Group by 200.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,268,620 shares of the company’s stock valued at $16,137,000 after acquiring an additional 846,808 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Vector Group by 4.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 20,149 shares of the company’s stock valued at $222,000 after acquiring an additional 884 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Vector Group in the 1st quarter valued at approximately $124,000. 64.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vector Group news, Director Bennett S. Lebow sold 66,347 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $10.73, for a total value of $711,903.31. Following the completion of the sale, the director now owns 60,677 shares in the company, valued at approximately $651,064.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Bennett S. Lebow sold 66,347 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $10.73, for a total transaction of $711,903.31. Following the transaction, the director now owns 60,677 shares in the company, valued at approximately $651,064.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bennett S. Lebow sold 170,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $10.37, for a total transaction of $1,762,900.00. Following the transaction, the director now owns 957,278 shares in the company, valued at approximately $9,926,972.86. The disclosure for this sale can be found here. Insiders sold a total of 251,347 shares of company stock worth $2,635,753 in the last quarter. 7.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Vector Group in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

Vector Group Stock Up 1.7 %

VGR stock opened at $10.93 on Wednesday. Vector Group Ltd. has a 12-month low of $8.64 and a 12-month high of $17.39. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 10.93 and a beta of 1.09. The company has a 50 day moving average of $9.78 and a two-hundred day moving average of $10.49.

About Vector Group

(Get Rating)

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 100 combinations under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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