StockNews.com Upgrades Virtus Investment Partners (NASDAQ:VRTS) to Buy

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

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

Virtus Investment Partners Trading Down 1.5 %

Shares of NASDAQ:VRTS opened at $238.00 on Tuesday. The business’s 50-day moving average is $215.06 and its 200 day moving average is $219.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 15.18. Virtus Investment Partners has a 1 year low of $190.42 and a 1 year high of $263.39. The firm has a market capitalization of $1.67 billion, a P/E ratio of 14.47 and a beta of 1.45.

Institutional Trading of Virtus Investment Partners

Several institutional investors and hedge funds have recently bought and sold shares of VRTS. Quarry LP raised its holdings in shares of Virtus Investment Partners by 388.5% during the third 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. increased its holdings 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 valued at $33,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Virtus Investment Partners in the 2nd quarter valued at $42,000. nVerses Capital LLC acquired a new stake in Virtus Investment Partners during the third quarter valued at $42,000. Finally, Bessemer Group Inc. acquired a new stake in Virtus Investment Partners during the first quarter valued at $57,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

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.