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

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Barclays decreased their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. Piper Sandler decreased their price target on Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, Morgan Stanley cut their target price on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $225.75.

Virtus Investment Partners Stock Up 0.6 %

NASDAQ:VRTS traded up $1.14 during mid-day trading on Monday, hitting $182.37. The stock had a trading volume of 55,497 shares, compared to its average volume of 39,561. Virtus Investment Partners has a twelve month low of $175.01 and a twelve month high of $263.39. The stock has a 50-day simple moving average of $199.32 and a two-hundred day simple moving average of $213.52. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.28 billion, a PE ratio of 10.79 and a beta of 1.47.

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Hedge Funds Weigh In On Virtus Investment Partners

Hedge funds have recently made changes to their positions in the company. Quarry LP boosted its position in shares of Virtus Investment Partners by 388.5% in 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 during the period. Smartleaf Asset Management LLC lifted its stake in Virtus Investment Partners by 170.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock valued at $44,000 after buying an additional 126 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Virtus Investment Partners in the fourth quarter valued at approximately $75,000. KBC Group NV grew its position in shares of Virtus Investment Partners by 61.2% during the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock worth $87,000 after acquiring an additional 150 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in shares of Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock valued at $128,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 80.52% of the company's stock.

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.