Vector Group (NYSE:VGR) Price Target Raised to $16.00

Vector Group (NYSE:VGR) had its price objective hoisted by Barclays from $15.00 to $16.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

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

Vector Group Stock Up 1.6 %

Shares of NYSE VGR opened at $13.95 on Wednesday. The business’s 50 day moving average price is $11.75 and its two-hundred day moving average price is $11.06. The company has a market cap of $2.20 billion, a PE ratio of 12.03 and a beta of 1.03. Vector Group has a twelve month low of $9.27 and a twelve month high of $14.07.

Hedge Funds Weigh In On Vector Group

A number of institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new position in shares of Vector Group in the second quarter valued at approximately $59,000. ORG Partners LLC grew its position in shares of Vector Group by 252.3% in the second quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock valued at $66,000 after purchasing an additional 4,325 shares during the last quarter. Quarry LP grew its position in shares of Vector Group by 112.6% in the second quarter. Quarry LP now owns 9,648 shares of the company’s stock valued at $102,000 after purchasing an additional 5,110 shares during the last quarter. Private Portfolio Partners LLC acquired a new position in shares of Vector Group in the fourth quarter valued at approximately $113,000. Finally, Somerset Trust Co acquired a new position in shares of Vector Group in the second quarter valued at approximately $110,000. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Company Profile

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.