Intech Investment Management LLC Buys 561 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Intech Investment Management LLC lifted its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 63.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,452 shares of the closed-end fund’s stock after purchasing an additional 561 shares during the quarter. Intech Investment Management LLC’s holdings in Virtus Investment Partners were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRTS. Tidal Investments LLC boosted its position in shares of Virtus Investment Partners by 9.4% during the 1st quarter. Tidal Investments LLC now owns 1,048 shares of the closed-end fund’s stock worth $260,000 after purchasing an additional 90 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Virtus Investment Partners during the 1st quarter worth about $657,000. CWM LLC boosted its position in shares of Virtus Investment Partners by 334.1% during the 2nd quarter. CWM LLC now owns 382 shares of the closed-end fund’s stock worth $86,000 after purchasing an additional 294 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Virtus Investment Partners during the 2nd quarter worth about $2,553,000. Finally, Blue Trust Inc. boosted its position in shares of Virtus Investment Partners by 6,550.0% during the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Stock Up 2.6 %

Virtus Investment Partners stock opened at $252.82 on Thursday. Virtus Investment Partners, Inc. has a 1-year low of $190.42 and a 1-year high of $263.39. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 15.37 and a beta of 1.46. 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 firm has a 50 day simple moving average of $225.48 and a 200 day simple moving average of $220.42.

Analyst Ratings Changes

VRTS has been the topic of several recent research reports. Piper Sandler raised their price target on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price objective 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. Barclays started coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective for the company. Finally, StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Virtus Investment Partners currently has a consensus rating of “Hold” and a consensus target price of $236.00.

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.