Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 49.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,878 shares of the closed-end fund’s stock after selling 1,839 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Virtus Investment Partners were worth $393,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in Virtus Investment Partners by 3.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock worth $537,000 after buying an additional 73 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Virtus Investment Partners by 6.3% during the first quarter. ProShare Advisors LLC now owns 1,377 shares of the closed-end fund’s stock worth $341,000 after buying an additional 81 shares in the last quarter. Tidal Investments LLC boosted its holdings in Virtus Investment Partners by 9.4% during the first quarter. Tidal Investments LLC now owns 1,048 shares of the closed-end fund’s stock worth $260,000 after buying an additional 90 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Virtus Investment Partners by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund’s stock worth $768,000 after buying an additional 100 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Virtus Investment Partners by 7.2% during the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock worth $412,000 after buying an additional 124 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley raised their target price 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. StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays started coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $233.50.

Virtus Investment Partners Trading Down 1.5 %

Virtus Investment Partners stock opened at $238.00 on Monday. The company has a 50 day moving average price of $215.06 and a 200 day moving average price of $219.15. Virtus Investment Partners, Inc. has a 52 week low of $190.42 and a 52 week high of $263.39. 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 firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 14.47 and a beta of 1.45.

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.