Park Circle Co buys $5,168,955 stake in Vector Group Ltd (VGR)

Vector Group Ltd (VGR) : Park Circle Co scooped up 47,000 additional shares in Vector Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 230,860 shares of Vector Group Ltd which is valued at $5,168,955.Vector Group Ltd makes up approximately 3.85% of Park Circle Co’s portfolio.

Other Hedge Funds, Including , Donald L. Hagan sold out all of its stake in VGR during the most recent quarter. The investment firm sold 1,753 shares of VGR which is valued $39,250.Independent Portfolio Consultants reduced its stake in VGR by selling 30,674 shares or 65.52% in the most recent quarter. The Hedge Fund company now holds 16,145 shares of VGR which is valued at $361,487. Vector Group Ltd makes up approx 0.11% of Independent Portfolio Consultants’s portfolio.Creative Planning reduced its stake in VGR by selling 848 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 75,627 shares of VGR which is valued at $1,703,876. Vector Group Ltd makes up approx 0.01% of Creative Planning’s portfolio.

Vector Group Ltd opened for trading at $22.2 and hit $22.51 on the upside on Thursday, eventually ending the session at $22.19, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 4,96,041 shares. Company has a market cap of $2,747 M.

On the company’s financial health, Vector Group Ltd reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $380.80 million for the quarter, compared to analysts expectations of $360.90 million. The company’s revenue was up 5.6% 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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