Virtus Investment Partners (NASDAQ:VRTS) Rating Lowered to Hold at StockNews.com

Virtus Investment Partners (NASDAQ:VRTS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Other equities research analysts have also recently issued research reports about the stock. Barclays assumed coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 target price for the company. Morgan Stanley increased their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $233.50.

Virtus Investment Partners Stock Up 1.5 %

VRTS stock opened at $247.67 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The company has a 50-day moving average of $219.78 and a two-hundred day moving average of $219.59. Virtus Investment Partners has a 52-week low of $190.42 and a 52-week high of $263.39. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 9.70 and a beta of 1.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Virtus Investment Partners by 0.5% in the third quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund’s stock worth $31,702,000 after purchasing an additional 821 shares in the last quarter. Barclays PLC raised its position in Virtus Investment Partners by 204.9% in the third quarter. Barclays PLC now owns 14,119 shares of the closed-end fund’s stock worth $2,957,000 after purchasing an additional 9,488 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Virtus Investment Partners by 59.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,223 shares of the closed-end fund’s stock worth $466,000 after purchasing an additional 828 shares in the last quarter. Jane Street Group LLC raised its position in Virtus Investment Partners by 592.0% in the third quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund’s stock worth $1,931,000 after purchasing an additional 7,886 shares in the last quarter. Finally, Quarry LP raised its position in Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.