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 $2.07M.

This is Frost’s first Sell trade following 15 Buy transactions.

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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 $1.95B and the company has a P/E ratio of 28.60. Currently, Vector Group has an average volume of 1.64M.

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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.

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