Ergoteles LLC Invests $223,000 in Vector Group Ltd. (NYSE:VGR)

Ergoteles LLC acquired a new stake in Vector Group Ltd. (NYSE:VGR – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,284 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also bought and sold shares of the company. Advisor Group Holdings Inc. boosted its holdings in Vector Group by 4.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 20,149 shares of the company’s stock worth $222,000 after buying an additional 884 shares during the period. Cetera Investment Advisers grew its holdings in shares of Vector Group by 2.9% during the first quarter. Cetera Investment Advisers now owns 35,940 shares of the company’s stock worth $433,000 after purchasing an additional 1,000 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Vector Group by 9.5% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,281 shares of the company’s stock worth $108,000 after purchasing an additional 1,070 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Vector Group by 7.0% in the third quarter. Kestra Advisory Services LLC now owns 17,489 shares of the company’s stock valued at $154,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in Vector Group by 3.4% during the second quarter. Natixis Advisors L.P. now owns 35,984 shares of the company’s stock valued at $378,000 after purchasing an additional 1,175 shares during the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Vector Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 16th.

Vector Group Trading Down 1.6 %

Shares of NYSE VGR opened at $13.18 on Tuesday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 13.05 and a beta of 1.04. The stock’s 50-day moving average is $12.81 and its 200 day moving average is $11.12. Vector Group Ltd. has a 1-year low of $8.64 and a 1-year high of $14.39.

Insiders Place Their Bets

In related news, Director Ronald J. Bernstein sold 4,600 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $14.15, for a total transaction of $65,090.00. Following the transaction, the director now owns 33,030 shares of the company’s stock, valued at approximately $467,374.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vector Group news, Director Bennett S. Lebow sold 175,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $11.32, for a total value of $1,981,000.00. Following the completion of the sale, the director now owns 789,778 shares in the company, valued at $8,940,286.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald J. Bernstein sold 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $14.15, for a total transaction of $65,090.00. Following the completion of the transaction, the director now owns 33,030 shares in the company, valued at approximately $467,374.50. The disclosure for this sale can be found here. Insiders own 7.79% of the company’s stock.

Vector Group Profile

(Get Rating)

Vector Group Ltd. is a holding company, which engages in the distribution of tobacco products. It operates through the following segments: Tobacco, Real Estate, and Corporate and Other. The Tobacco segment consists of the manufacturing and sale of cigarettes. The Real Estate segment includes the acquisition and investments in real estate properties and projects.