5 Best Marijuana Stocks To Buy Now

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In this piece, we’ll take a look at the 5 Best Marijuana Stocks To Buy Now. For more such companies, go to 14 Best Marijuana Stocks To Buy Now.

5. Vector Group Ltd. (NYSE:VGR)

Number of Hedge Fund Holders: 16

Vector Group Ltd. (NYSE:VGR) is a holding company serving the tobacco and real estate industries. The company manufactures and sells cigarettes to adult smokers in the United States. Vector Group Ltd. (NYSE:VGR) produces cigarettes in 100 different combinations under the Pyramid, Grand Prix, Liggett Select, Eve, and Eagle 20’s brands.

On November 02, 2022, Vector Group Ltd. (NYSE:VGR) reported its Q3 2022 results, posting revenue of $378.0 million, recording a YoY decline of 42%. The company’s Normalized EPS for the quarter stood at $0.24, missing the market consensus by $0.03. The YoY decline in revenue came because of the spin-off of Douglas Element in the Q4 of 2021, which now reports its results separately.

According to Insider Monkey’s database, 16 hedge funds held shares of the company at the end of the third quarter of 2022. Renaissance Technologies was the most bullish fund on the company’s stock at the end of Q3 2022.

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