Public Sector Pension Investment Board Reduces Stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Public Sector Pension Investment Board cut its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,133 shares of the closed-end fund’s stock after selling 600 shares during the quarter. Public Sector Pension Investment Board’s holdings in Virtus Investment Partners were worth $2,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in 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 stake in shares of Virtus Investment Partners during the 2nd quarter valued at about $42,000. nVerses Capital LLC purchased a new position in shares of Virtus Investment Partners during the third quarter valued at about $42,000. CWM LLC raised its stake in Virtus Investment Partners by 334.1% in the second quarter. CWM LLC now owns 382 shares of the closed-end fund’s stock worth $86,000 after buying an additional 294 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Virtus Investment Partners in the second quarter worth about $164,000. Institutional investors own 80.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Barclays began coverage on Virtus Investment Partners in a research report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price target on the stock. Piper Sandler increased their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Virtus Investment Partners presently has an average rating of “Hold” and an average target price of $236.00.

Virtus Investment Partners Stock Performance

Virtus Investment Partners stock opened at $246.37 on Wednesday. Virtus Investment Partners, Inc. has a twelve month low of $190.42 and a twelve month high of $263.39. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.73 billion, a P/E ratio of 14.98 and a beta of 1.46. The stock’s 50 day moving average is $224.51 and its 200 day moving average is $220.19.

Virtus Investment Partners 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.