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

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

Other research analysts have also issued reports about the company. Piper Sandler increased their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their price target on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Finally, Barclays decreased their price objective on shares of Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Virtus Investment Partners currently has a consensus rating of “Hold” and an average price target of $242.50.

Virtus Investment Partners Price Performance

Shares of VRTS opened at $209.10 on Friday. The firm has a market capitalization of $1.47 billion, a PE ratio of 12.71 and a beta of 1.48. 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’s fifty day moving average price is $230.80 and its 200-day moving average price is $220.43. Virtus Investment Partners has a 1-year low of $190.42 and a 1-year high of $263.39.

Institutional Investors Weigh In On Virtus Investment Partners

Hedge funds have recently bought and sold shares of the stock. Quarry LP increased its holdings 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 purchasing an additional 101 shares in the last quarter. Hsbc Holdings PLC grew its position in Virtus Investment Partners by 7.2% during the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock valued at $412,000 after buying an additional 124 shares during the period. QRG Capital Management Inc. increased its holdings in Virtus Investment Partners by 11.9% in the third quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock valued at $246,000 after buying an additional 125 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Virtus Investment Partners by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,496 shares of the closed-end fund’s stock worth $790,000 after acquiring an additional 135 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Virtus Investment Partners by 7.7% during the 2nd quarter. Sei Investments Co. now owns 2,424 shares of the closed-end fund’s stock worth $548,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

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.