Virtus Investment Partners (NASDAQ:VRTS) Upgraded at StockNews.com

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

VRTS has been the topic of a number of other reports. Barclays initiated coverage on Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price target on the stock. Morgan Stanley increased their price objective 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 equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $233.50.

Virtus Investment Partners Trading Up 1.2 %

Shares of VRTS opened at $241.53 on Tuesday. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39. The stock has a fifty day moving average of $213.45 and a two-hundred day moving average of $218.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 15.18 and a current ratio of 11.86. The company has a market capitalization of $1.70 billion, a PE ratio of 14.68 and a beta of 1.45.

Institutional Investors Weigh In On Virtus Investment Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Virtus Investment Partners by 3.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock worth $537,000 after purchasing an additional 73 shares during the period. Texas Permanent School Fund Corp grew its stake in Virtus Investment Partners by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 5,911 shares of the closed-end fund’s stock worth $1,466,000 after buying an additional 76 shares during the period. ProShare Advisors LLC increased its position in shares of Virtus Investment Partners by 6.3% in the first quarter. ProShare Advisors LLC now owns 1,377 shares of the closed-end fund’s stock worth $341,000 after acquiring an additional 81 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Virtus Investment Partners by 2.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund’s stock valued at $839,000 after acquiring an additional 85 shares during the period. Finally, Tidal Investments LLC lifted its holdings 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 valued at $260,000 after acquiring an additional 90 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

About Virtus Investment Partners

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.