Advisors Asset Management Lowers stake in Vector Group Ltd (VGR)

Vector Group Ltd (VGR) : Advisors Asset Management reduced its stake in Vector Group Ltd by 11.91% during the most recent quarter end. The investment management company now holds a total of 1,295,558 shares of Vector Group Ltd which is valued at $28,256,120 after selling 175,180 shares in Vector Group Ltd , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Vector Group Ltd makes up approximately 0.44% of Advisors Asset Management’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc sold out all of its stake in VGR during the most recent quarter. The investment firm sold 31,860 shares of VGR which is valued $694,867.Cambridge Investment Research Advisors boosted its stake in VGR in the latest quarter, The investment management firm added 26,637 additional shares and now holds a total of 43,984 shares of Vector Group Ltd which is valued at $956,212. Vector Group Ltd makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio. Diam Ltd. sold out all of its stake in VGR during the most recent quarter. The investment firm sold 83,126 shares of VGR which is valued $1,804,665. Eagle Asset Management Inc sold out all of its stake in VGR during the most recent quarter. The investment firm sold 440,921 shares of VGR which is valued $9,933,950.

Vector Group Ltd closed down -0.14 points or -0.64% at $21.69 with 4,12,797 shares getting traded on Monday. Post opening the session at $21.8, the shares hit an intraday low of $21.63 and an intraday high of $21.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Vector Group Ltd reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.22. The company had revenue of $438.30 million for the quarter, compared to analysts expectations of $430.70 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Vector Group Ltd. is a holding company 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 and the real estate business through its New Valley LLC subsidiary which is seeking to acquire additional operating companies and real estate properties. The Company’s business segments include Tobacco E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations of the Company’s e-cigarette business. The Real Estate segment includes the Company’s investments in consolidated and non-consolidated real estate businesses.

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