A Major Shareholder at Vector Group (VGR) is Selling Shares
Yesterday, a Major Shareholder at Vector Group (VGR), Phillip Frost, sold shares of VGR for $7.79M.
Over the last month, Phillip Frost has reported another 3 Sell trades on VGR for a total of $18.12M. In addition to Phillip Frost, 2 other VGR executives reported Sell trades in the last month.
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Based on Vector Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $514 million and quarterly net profit of $10.28 million. In comparison, last year the company earned revenue of $485 million and had a net profit of $17.77 million. VGR’s market cap is $1.7B and the company has a P/E ratio of 25.00. Currently, Vector Group has an average volume of 1.85M.
The insider sentiment on Vector Group has been negative according to 18 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Vector Group Ltd. operates as a holding company, which manufactures and sells tobacco products. It operates through the following segments: 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.