StockNews.com Upgrades Virtus Investment Partners (NASDAQ:VRTS) to “Buy”

Virtus Investment Partners (NASDAQ:VRTS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other research analysts have also weighed in on the company. Barclays boosted their price target on Virtus Investment Partners from $212.00 to $239.00 and gave the stock an “underweight” rating in a research report on Monday, December 9th. Piper Sandler lifted their price target on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $244.25.

Virtus Investment Partners Trading Down 1.2 %

NASDAQ VRTS opened at $235.09 on Monday. The stock’s 50-day moving average is $231.51 and its 200-day moving average is $221.07. The firm has a market cap of $1.65 billion, a P/E ratio of 14.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners has a one year low of $190.42 and a one year high of $263.39.

Hedge Funds Weigh In On Virtus Investment Partners

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Virtus Investment Partners by 0.5% during the third quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund’s stock valued at $31,702,000 after purchasing an additional 821 shares during the period. Barclays PLC lifted its holdings in Virtus Investment Partners by 204.9% during the third quarter. Barclays PLC now owns 14,119 shares of the closed-end fund’s stock valued at $2,957,000 after purchasing an additional 9,488 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Virtus Investment Partners by 59.4% during 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 during the period. Jane Street Group LLC boosted its position in Virtus Investment Partners by 592.0% during 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 during the period. Finally, Quarry LP lifted its stake in shares of Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. 80.52% of the stock is owned by institutional investors.

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.