Investors Purchase High Volume of Vector Group Put Options (NYSE:VGR)

Vector Group Ltd (NYSE:VGR) was the target of unusually large options trading activity on Thursday. Investors purchased 2,532 put options on the company. This represents an increase of 1,435% compared to the typical daily volume of 165 put options.

Institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its position in shares of Vector Group by 208.3% in the first quarter. Lindbrook Capital LLC now owns 3,450 shares of the company’s stock valued at $37,000 after buying an additional 2,331 shares in the last quarter. Royce & Associates LP increased its position in shares of Vector Group by 28.3% in the first quarter. Royce & Associates LP now owns 4,845 shares of the company’s stock valued at $52,000 after buying an additional 1,068 shares in the last quarter. Quadrant Capital Group LLC increased its position in Vector Group by 500.9% during the 1st quarter. Quadrant Capital Group LLC now owns 6,556 shares of the company’s stock worth $69,000 after purchasing an additional 5,465 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Vector Group by 15.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock worth $78,000 after purchasing an additional 1,096 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new stake in Vector Group during the 2nd quarter worth about $99,000. 51.88% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on VGR. ValuEngine upgraded shares of Vector Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 31st. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a report on Saturday, July 13th.

Shares of NYSE VGR traded down $0.05 during mid-day trading on Friday, hitting $12.54. 1,108,752 shares of the company were exchanged, compared to its average volume of 3,579,019. Vector Group has a 1-year low of $8.62 and a 1-year high of $16.13. The stock has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $10.48. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 21.62 and a beta of 0.76.

Vector Group (NYSE:VGR) last released its earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.19. Vector Group had a negative return on equity of 19.73% and a net margin of 4.55%. The company had revenue of $538.40 million during the quarter, compared to the consensus estimate of $494.50 million. During the same quarter last year, the company earned $0.19 earnings per share. Vector Group’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Vector Group will post 0.57 EPS for the current year.

About Vector Group

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

See Also: Compound Annual Growth Rate (CAGR)

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