Company profile

Ticker
VGR
Exchange
CEO
Howard Mark Lorber
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Brooke Group LTD
SEC CIK
IRS number
650949535

VGR stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

7 Nov 19
25 Feb 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 504.79M 538.43M 420.92M 445.94M
Net income 36.01M 39.31M 14.95M 21.07M
Diluted EPS 0.23 0.27 0.08 0.14
Net profit margin 7.13% 7.30% 3.55% 4.73%
Operating income 66.72M 76.24M 42.59M 48.09M
Net change in cash -4.56M 11.22M -271.94M 213.65M
Cash on hand 319.3M 323.86M 312.64M 584.58M
Cost of revenue 345.46M 368.17M 286.02M 305.14M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.87B 1.81B 1.69B 1.66B
Net income 58.11M 84.57M 71.13M 59.2M
Diluted EPS 0.37 0.56 0.5 0.46
Net profit margin 3.11% 4.68% 4.21% 3.57%
Operating income 224.05M 235.65M 234.51M 199.92M
Net change in cash 283.23M -92.18M 153.16M -86M
Cash on hand 584.58M 301.35M 393.53M 240.37M
Cost of revenue 1.29B 1.23B 1.1B 1.11B

Financial data from Vector earnings reports

59.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 215 213 +0.9%
Opened positions 37 59 -37.3%
Closed positions 35 31 +12.9%
Increased positions 61 114 -46.5%
Reduced positions 79 34 +132.4%
13F shares
Current Prev Q Change
Total value 1.18B 1.04B +14.1%
Total shares 88.1M 97.13M -9.3%
Total puts 1.37M 1.91M -28.2%
Total calls 171.33K 307.13K -44.2%
Total put/call ratio 8.0 6.2 +28.8%
Largest owners
Shares Value Change
BLK BlackRock 17.98M $240.71M -3.3%
Vanguard 13.65M $182.72M +2.7%
Renaissance Technologies 10.09M $135.13M -4.5%
Dimensional Fund Advisors 4.09M $54.72M +6.2%
IVZ Invesco 3.56M $47.62M -8.4%
STT State Street 3.31M $44.32M +3.5%
BK Bank Of New York Mellon 2.77M $37.15M -39.6%
Capital Research Global Investors 2.5M $33.52M NEW
Mirae Asset Global Investments 2.08M $27.88M +7.3%
Geode Capital Management 1.6M $21.39M -9.2%
Largest transactions
Shares Bought/sold Change
Cheyne Capital Management 0 -6.91M EXIT
Mason Street Advisors 40.15K -3.87M -99.0%
Capital Research Global Investors 2.5M +2.5M NEW
BK Bank Of New York Mellon 2.77M -1.82M -39.6%
Millennium Management 1.16M +1.1M +2021.8%
Citadel Advisors 1.01M +827.41K +453.6%
BLK BlackRock 17.98M -611.57K -3.3%
Mutual Of America Capital Management 251.46K -543.29K -68.4%
Orbis Allan Gray 520.54K +520.54K NEW
Renaissance Technologies 10.09M -473.3K -4.5%

Financial report summary

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Risks
  • We have significant liquidity commitments.
  • We are a holding company and depend on cash payments from our subsidiaries, which are subject to contractual and other restrictions, in order to service our debt and to pay dividends on our common stock.
  • We and our subsidiaries have a substantial amount of indebtedness.
  • Our high level of debt may adversely affect our ability to satisfy our obligations.
  • Changes in respect of the debt ratings of our notes may materially and adversely affect the availability, the cost and the terms and conditions of our debt.
  • The Tax Cuts and Jobs Act of 2017 may increase the after-tax cost of debt financings.
  • Failure to maintain effective internal control over financial reporting could adversely affect us.
  • Liggett faces intense competition in the domestic tobacco industry.
  • Liggett’s business is highly dependent on the discount cigarette segment and to maintain market share, we may be required to take steps to reduce prices.
  • The domestic cigarette industry has experienced declining unit sales in recent periods, which could result in lower sales or higher costs for us.
  • Our tobacco operations are subject to substantial and increasing legislation, regulation and taxation, which have a negative effect on revenue and profitability.
  • FDA Regulation Under the Family Smoking Prevention and Tobacco Control Act may adversely affect our sales and operating profit.
  • Individual tobacco-related cases have increased as a result of the Florida Supreme Court’s ruling in Engle.
  • Liggett may have additional payment obligations under the MSA.
  • Liggett may have additional payment obligations under its individual state settlements.
  • New Valley is subject to risks relating to the industries in which it operates.
  • Potential new investments we may make are unidentified and may not succeed.
  • Maintaining the integrity of our computer systems and protecting confidential information and personal identifying information has become increasingly costly, as cybersecurity incidents could disrupt business operations, result in the loss of critical and confidential information, and adversely impact our reputation and results of operations.
  • We depend on our key personnel.
  • The price of our common stock may fluctuate significantly.
  • We have many potentially dilutive securities outstanding.
Management Discussion
  • Our business segments were Tobacco and Real Estate for the three years ended December 31, 2018, 2017 and 2016. The Tobacco segment consists of the manufacture and sale of cigarettes. The Real Estate segment includes our investment in New Valley, which includes Douglas Elliman, Escena, Sagaponack, and investments in real estate ventures. As a result of the reduction in e-cigarette activities, results from our e-cigarette operations are now included in the Corporate and Other Segment and 2017 and 2016 information has been recast to conform to the 2018 presentation.
  • The accounting policies of the segments are the same as those described in the summary of significant accounting policies and can be found in Note 1 to our consolidated financial statements.
  • Revenues. Total revenues were $1,870,262 for the year ended December 31, 2018 compared to $1,807,476 for the year ended December 31, 2017. The $62,786 (3.5%) increase in revenues was due to a $30,144 increase in Tobacco revenues due primarily to the increase in EAGLE 20’s sales and a $31,804 increase in Real Estate revenues, primarily related to increases in Douglas Elliman’s brokerage revenues.
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