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

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

Several other equities research analysts also recently commented on the company. Morgan Stanley increased their price objective on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Barclays initiated coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $236.00.

Virtus Investment Partners Stock Performance

VRTS opened at $246.92 on Monday. The business’s 50-day simple moving average is $220.60 and its 200 day simple moving average is $219.70. Virtus Investment Partners has a 52-week low of $190.42 and a 52-week high of $263.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The firm has a market capitalization of $1.73 billion, a PE ratio of 14.93 and a beta of 1.45.

Institutional Investors Weigh In On Virtus Investment Partners

Institutional investors have recently made changes to their positions in the company. Quarry LP lifted 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 purchasing an additional 101 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Virtus Investment Partners by 6,550.0% in the second quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Virtus Investment Partners during the second quarter worth about $42,000. nVerses Capital LLC acquired a new stake in Virtus Investment Partners in the 3rd quarter worth about $42,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Virtus Investment Partners in the first quarter valued at approximately $57,000. 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.