Virtus Investment Partners (NASDAQ:VRTS) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Virtus Investment Partners (NASDAQ:VRTS) from a buy rating to a hold rating in a research note published on Monday morning.

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

Virtus Investment Partners Stock Up 0.8 %

Shares of NASDAQ:VRTS opened at $244.03 on Monday. The firm has a market capitalization of $1.71 billion, a PE ratio of 14.83 and a beta of 1.45. Virtus Investment Partners has a 1 year low of $190.42 and a 1 year high of $263.39. 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 firm’s 50-day moving average is $219.02 and its two-hundred day moving average is $219.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Virtus Investment Partners by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 151,328 shares of the closed-end fund’s stock worth $31,702,000 after acquiring an additional 821 shares in the last quarter. Barclays PLC grew its holdings in Virtus Investment Partners by 204.9% during the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund’s stock worth $2,957,000 after acquiring an additional 9,488 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Virtus Investment Partners by 59.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,223 shares of the closed-end fund’s stock worth $466,000 after acquiring an additional 828 shares in the last quarter. Jane Street Group LLC grew its holdings in Virtus Investment Partners by 592.0% during the 3rd quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund’s stock worth $1,931,000 after acquiring an additional 7,886 shares in the last quarter. Finally, Quarry LP grew its holdings in Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after acquiring 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.