Could Virtus Investment Partners Incorporated (NASDAQ:VRTS) Change Direction After More Shorts?

September 17, 2017 - By Winifred Garcia

 Could Virtus Investment Partners Incorporated (NASDAQ:VRTS) Change Direction After More Shorts?

Investors sentiment decreased to 1.04 in 2016 Q4. Its down 0.07, from 1.11 in 2016Q3. It turned negative, as 15 investors sold Virtus Investment Partners Inc shares while 36 reduced holdings. 19 funds opened positions while 34 raised stakes. 5.69 million shares or 22.03% less from 7.30 million shares in 2016Q3 were reported.
Marcato Management L P owns 83,555 shares for 1.14% of their portfolio. Citigroup stated it has 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS). Comerica Fincl Bank holds 0.01% or 5,920 shares in its portfolio. Thrivent Fincl For Lutherans reported 3,040 shares or 0% of all its holdings. Paloma Prns Mngmt owns 3,573 shares or 0% of their US portfolio. Manufacturers Life Insur The invested in 0% or 3,476 shares. Loews Corp accumulated 0% or 2,587 shares. Invesco Limited owns 0% invested in Virtus Investment Partners Inc (NASDAQ:VRTS) for 12,905 shares. Blackrock Fund Advsrs accumulated 417,992 shares or 0.01% of the stock. 512,108 were reported by Vanguard Grp. Royal Savings Bank Of Canada has invested 0.01% in Virtus Investment Partners Inc (NASDAQ:VRTS). New York-based Amer Int Grp Inc has invested 0% in Virtus Investment Partners Inc (NASDAQ:VRTS). Millennium Management Limited Liability Company reported 7,248 shares. Los Angeles Capital And Equity accumulated 3,012 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS).

The stock of Virtus Investment Partners Incorporated (NASDAQ:VRTS) registered an increase of 2.55% in short interest. VRTS’s total short interest was 832,900 shares in September as published by FINRA. Its up 2.55% from 812,200 shares, reported previously. With 44,200 shares average volume, it will take short sellers 19 days to cover their VRTS’s short positions. The short interest to Virtus Investment Partners Incorporated’s float is 12.73%.

The stock increased 0.99% or $1.1 on September 15, reaching $111.8. About 145,951 shares traded or 232.59% up from the average. Virtus Investment Partners Inc (NASDAQ:VRTS) has risen 32.74% since September 17, 2016 and is uptrending. It has outperformed by 16.04% the S&P500.

Virtus Investment Partners, Inc. is a well-known provider of investment management and related services to individuals and institutions. The company has market cap of $806.96 million. The Firm provides its products in various forms and through multiple distribution channels. It has a 21.73 P/E ratio. The Company’s 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.

Virtus Investment Partners Inc (NASDAQ:VRTS) Ratings Coverage

Among 8 analysts covering Virtus Investment Partners (NASDAQ:VRTS), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Virtus Investment Partners had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Monday, July 31 by Credit Suisse. The rating was upgraded by Zacks to “Hold” on Tuesday, September 22. The company was downgraded on Tuesday, August 4 by Raymond James. On Thursday, August 17 the stock rating was maintained by Jefferies with “Hold”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, July 17 report. The firm earned “Hold” rating on Thursday, March 10 by Jefferies. Credit Suisse upgraded the shares of VRTS in report on Friday, July 15 to “Outperform” rating. The stock of Virtus Investment Partners Inc (NASDAQ:VRTS) earned “Hold” rating by Sandler O’Neill on Tuesday, September 1. Jefferies maintained it with “Hold” rating and $11000 target in Wednesday, June 14 report. On Monday, October 31 the stock rating was downgraded by Credit Suisse to “Neutral”.

More notable recent Virtus Investment Partners Inc (NASDAQ:VRTS) news were published by: Reuters.com which released: “BRIEF-Virtus Investment Partners preliminary assets under management of $45.4 …” on January 17, 2017, also Marketwatch.com with their article: “Virtus Investment Partners Inc. 7.25% Conv. Mand. Pfd. Series D” published on February 04, 2017, Seekingalpha.com published: “Virtus Investment Partners’ (VRTS) CEO George Aylward on Q1 2017 Results …” on April 28, 2017. More interesting news about Virtus Investment Partners Inc (NASDAQ:VRTS) were released by: Prnewswire.com and their article: “Virtus Investment Partners Completes Acquisition of RidgeWorth Investments” published on June 01, 2017 as well as Prnewswire.com‘s news article titled: “Virtus Investment Partners Announces Financial Results for the First Quarter 2017” with publication date: April 28, 2017.

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