Virtus Investment Partners (NASDAQ:VRTS) Given New $216.00 Price Target at Piper Sandler

Virtus Investment Partners (NASDAQ:VRTS) had its price target dropped by stock analysts at Piper Sandler from $252.00 to $216.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the closed-end fund’s stock. Piper Sandler’s target price would indicate a potential upside of 39.95% from the company’s previous close.

VRTS has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Finally, Barclays decreased their target price on 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $215.25.

Virtus Investment Partners Trading Down 2.6 %

Shares of VRTS opened at $154.34 on Tuesday. The business’s 50-day moving average price is $181.53 and its 200 day moving average price is $208.49. 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 stock has a market capitalization of $1.07 billion, a P/E ratio of 9.15 and a beta of 1.36. Virtus Investment Partners has a 1-year low of $148.81 and a 1-year high of $252.82.

Institutional Trading of Virtus Investment Partners

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Virtus Investment Partners by 8,517.5% in the 1st quarter. GAMMA Investing LLC now owns 6,894 shares of the closed-end fund’s stock worth $1,188,000 after purchasing an additional 6,814 shares during the last quarter. Mackenzie Financial Corp raised its position in Virtus Investment Partners by 174.7% during the fourth quarter. Mackenzie Financial Corp now owns 3,511 shares of the closed-end fund’s stock valued at $774,000 after acquiring an additional 2,233 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Virtus Investment Partners by 5.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,329 shares of the closed-end fund’s stock valued at $3,822,000 after acquiring an additional 913 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Virtus Investment Partners by 23.0% in the fourth quarter. Voloridge Investment Management LLC now owns 2,831 shares of the closed-end fund’s stock valued at $624,000 after acquiring an additional 529 shares during the last quarter. Finally, Vident Advisory LLC grew its position in Virtus Investment Partners by 4.5% in the fourth quarter. Vident Advisory LLC now owns 4,057 shares of the closed-end fund’s stock worth $895,000 after acquiring an additional 175 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

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.