Virtus Investment Partners, Inc. (NASDAQ:VRTS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

VRTS has been the subject of several other research reports. Morgan Stanley set a $110.00 target price on Virtus Investment Partners and gave the stock a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC set a $110.00 price objective on Virtus Investment Partners and gave the company a “hold” rating in a research note on Sunday, April 30th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Virtus Investment Partners currently has a consensus rating of “Hold” and an average target price of $112.40.

Virtus Investment Partners (VRTS) traded up 1.16% during trading on Tuesday, hitting $117.25. 19,961 shares of the stock traded hands. The stock has a market cap of $819.46 million, a P/E ratio of 18.38 and a beta of 1.71. The stock has a 50 day moving average price of $110.62 and a 200-day moving average price of $109.09. Virtus Investment Partners has a 52-week low of $81.39 and a 52-week high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings data on Friday, April 28th. The closed-end fund reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by $0.46. The business had revenue of $79.78 million for the quarter, compared to analyst estimates of $80.67 million. Virtus Investment Partners had a return on equity of 10.71% and a net margin of 15.27%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. On average, analysts anticipate that Virtus Investment Partners will post $7.49 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in VRTS. Municipal Employees Retirement System of Michigan boosted its position in shares of Virtus Investment Partners by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,320 shares of the closed-end fund’s stock valued at $129,000 after buying an additional 20 shares during the period. Arizona State Retirement System boosted its position in shares of Virtus Investment Partners by 0.9% in the third quarter. Arizona State Retirement System now owns 3,000 shares of the closed-end fund’s stock worth $294,000 after buying an additional 28 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Virtus Investment Partners by 3.8% in the second quarter. Louisiana State Employees Retirement System now owns 2,700 shares of the closed-end fund’s stock worth $300,000 after buying an additional 100 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Virtus Investment Partners by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 12,648 shares of the closed-end fund’s stock worth $1,486,000 after buying an additional 145 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Virtus Investment Partners by 2.9% in the fourth quarter. Comerica Bank now owns 5,920 shares of the closed-end fund’s stock worth $729,000 after buying an additional 167 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

About Virtus Investment Partners

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

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