Fisher Asset Management LLC Sells 4,181 Shares of Virtus Investment Partners, Inc. $VRTS

Fisher Asset Management LLC lowered its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,790 shares of the closed-end fund’s stock after selling 4,181 shares during the period. Fisher Asset Management LLC owned 0.91% of Virtus Investment Partners worth $11,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nuveen LLC bought a new position in shares of Virtus Investment Partners in the 1st quarter worth $9,639,000. Gator Capital Management LLC raised its holdings in Virtus Investment Partners by 190.7% in the first quarter. Gator Capital Management LLC now owns 60,810 shares of the closed-end fund’s stock worth $10,481,000 after purchasing an additional 39,895 shares in the last quarter. Norges Bank purchased a new stake in shares of Virtus Investment Partners during the second quarter valued at about $7,177,000. American Century Companies Inc. boosted its holdings in shares of Virtus Investment Partners by 38.5% in the 1st quarter. American Century Companies Inc. now owns 113,192 shares of the closed-end fund’s stock valued at $19,510,000 after buying an additional 31,454 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Virtus Investment Partners by 8.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 299,961 shares of the closed-end fund’s stock valued at $51,701,000 after buying an additional 23,081 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on VRTS. Barclays decreased their target price on shares of Virtus Investment Partners from $190.00 to $175.00 and set an “underweight” rating for the company in a research report on Tuesday, October 21st. Morgan Stanley lifted their price target on shares of Virtus Investment Partners from $170.00 to $173.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Finally, TD Cowen decreased their price objective on Virtus Investment Partners from $196.00 to $180.00 and set a “hold” rating for the company in a report on Monday, October 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Virtus Investment Partners currently has an average rating of “Reduce” and an average target price of $190.50.

Virtus Investment Partners Stock Up 4.5%

NASDAQ:VRTS opened at $162.58 on Thursday. The company has a market cap of $1.10 billion, a PE ratio of 9.62 and a beta of 1.52. Virtus Investment Partners, Inc. has a twelve month low of $142.18 and a twelve month high of $252.82. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $172.17 and its two-hundred day moving average is $183.54.

Virtus Investment Partners Company Profile

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.