Edge Advisors LLC reduced its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 50.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 942 shares of the closed-end fund’s stock after selling 944 shares during the quarter. Edge Advisors LLC’s holdings in Virtus Investment Partners were worth $109,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in shares of Virtus Investment Partners by 3.9% in the third quarter. Macquarie Group Ltd. now owns 14,565 shares of the closed-end fund’s stock valued at $1,690,000 after acquiring an additional 542 shares during the period. Comerica Bank raised its stake in Virtus Investment Partners by 8.8% in the third quarter. Comerica Bank now owns 7,589 shares of the closed-end fund’s stock valued at $881,000 after purchasing an additional 616 shares in the last quarter. WCM Investment Management CA raised its stake in Virtus Investment Partners by 7.6% in the third quarter. WCM Investment Management CA now owns 9,259 shares of the closed-end fund’s stock valued at $1,075,000 after purchasing an additional 650 shares in the last quarter. Rhumbline Advisers raised its stake in Virtus Investment Partners by 5.0% in the third quarter. Rhumbline Advisers now owns 16,658 shares of the closed-end fund’s stock valued at $1,933,000 after purchasing an additional 795 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Virtus Investment Partners by 73.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,720 shares of the closed-end fund’s stock valued at $316,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.

Several research firms have commented on VRTS. BidaskClub downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC lifted their price target on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $117.00 price target on shares of Virtus Investment Partners in a report on Friday, August 18th. Morgan Stanley set a $121.00 price target on shares of Virtus Investment Partners and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group upgraded shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $141.00 to $147.00 in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $130.50.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/11/22/edge-advisors-llc-has-109000-stake-in-virtus-investment-partners-inc-vrts.html.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) traded up $1.50 on Wednesday, hitting $117.30. The stock had a trading volume of 50,000 shares, compared to its average volume of 72,785. The stock has a market cap of $828.90, a price-to-earnings ratio of 16.98, a PEG ratio of 0.62 and a beta of 1.86. Virtus Investment Partners, Inc. has a 12-month low of $97.60 and a 12-month high of $128.10.

Virtus Investment Partners (NASDAQ:VRTS) last issued its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a return on equity of 12.75% and a net margin of 11.64%. The business had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $116.85 million. During the same period last year, the firm posted $1.64 EPS. Virtus Investment Partners’s quarterly revenue was up 50.3% compared to the same quarter last year. sell-side analysts anticipate that Virtus Investment Partners, Inc. will post 7.52 EPS for the current fiscal year.

Virtus Investment Partners Company Profile

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.

Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

Receive News & Stock Ratings for Virtus Investment Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners Inc. and related stocks with our FREE daily email newsletter.