Barclays Issues Pessimistic Forecast for Virtus Investment Partners (NASDAQ:VRTS) Stock Price

Virtus Investment Partners (NASDAQ:VRTSGet Free Report) had its price target cut by equities researchers at Barclays from $221.00 to $200.00 in a report issued on Monday,Benzinga reports. The firm presently has an “underweight” rating on the closed-end fund’s stock. Barclays‘s price target would suggest a potential upside of 2.79% from the stock’s previous close.

A number of other research analysts also recently issued reports on VRTS. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Piper Sandler lowered their price objective on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Morgan Stanley lifted their target price on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. 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 company. According to data from MarketBeat, Virtus Investment Partners has an average rating of “Hold” and an average price target of $233.25.

Read Our Latest Analysis on Virtus Investment Partners

Virtus Investment Partners Trading Down 1.0 %

Shares of VRTS stock opened at $194.57 on Monday. Virtus Investment Partners has a 52-week low of $190.42 and a 52-week high of $263.39. The company has a 50-day simple moving average of $222.73 and a two-hundred day simple moving average of $218.24. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.

Hedge Funds Weigh In On Virtus Investment Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in Virtus Investment Partners by 7.7% in the second quarter. Sei Investments Co. now owns 2,424 shares of the closed-end fund’s stock worth $548,000 after purchasing an additional 174 shares during the period. Bank of Montreal Can boosted its position in shares of Virtus Investment Partners by 413.6% in the 2nd quarter. Bank of Montreal Can now owns 4,165 shares of the closed-end fund’s stock worth $959,000 after purchasing an additional 3,354 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Virtus Investment Partners by 37.3% in the 2nd quarter. Squarepoint Ops LLC now owns 2,461 shares of the closed-end fund’s stock worth $556,000 after buying an additional 668 shares during the last quarter. Millennium Management LLC increased its position in Virtus Investment Partners by 14.6% during the 2nd quarter. Millennium Management LLC now owns 28,113 shares of the closed-end fund’s stock valued at $6,349,000 after buying an additional 3,589 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Virtus Investment Partners by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 3,496 shares of the closed-end fund’s stock valued at $790,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Company Profile

(Get Free Report)

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.

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