Hotchkis & Wiley Capital Management LLC Buys 3,380 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Hotchkis & Wiley Capital Management LLC grew its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,600 shares of the closed-end fund’s stock after buying an additional 3,380 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.81% of Virtus Investment Partners worth $11,855,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in Virtus Investment Partners by 6,550.0% in the 2nd 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 position in Virtus Investment Partners in the 2nd quarter worth approximately $42,000. nVerses Capital LLC bought a new position in Virtus Investment Partners in the 3rd quarter valued at $42,000. CWM LLC increased its stake in shares of Virtus Investment Partners by 334.1% in the 2nd quarter. CWM LLC now owns 382 shares of the closed-end fund’s stock valued at $86,000 after buying an additional 294 shares during the period. Finally, Picton Mahoney Asset Management bought a new stake in shares of Virtus Investment Partners during the second quarter worth $164,000. 80.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays assumed coverage on Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective for the company. Piper Sandler increased their price objective on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley lifted 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. Finally, StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Virtus Investment Partners has a consensus rating of “Hold” and a consensus price target of $236.00.

Virtus Investment Partners Trading Down 0.8 %

Shares of NASDAQ VRTS 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 stock has a market cap of $1.73 billion, a price-to-earnings ratio of 9.95 and a beta of 1.46. 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’s fifty 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.