As Virtus Invt Partners INC (VRTS) Share Value Declined, Philadelphia Financial Management Of San Francisco LLC Has Decreased by $5.85 Million Its Position

October 2, 2018 - By Ellis Scott

Virtus Investment Partners, Inc. (NASDAQ:VRTS) LogoInvestors sentiment increased to 1.3 in 2018 Q2. Its up 0.03, from 1.27 in 2018Q1. It improved, as 7 investors sold VRTS shares while 36 reduced holdings. 17 funds opened positions while 39 raised stakes. 6.78 million shares or 8.19% more from 6.27 million shares in 2018Q1 were reported. Credit Suisse Ag owns 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS) for 6,854 shares. Barclays Public Lc owns 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS) for 7,896 shares. Riverhead Mgmt Ltd Liability Corp reported 0% stake. Thrivent Financial For Lutherans holds 0% or 4,951 shares in its portfolio. Sg Americas Securities Ltd accumulated 0% or 2,128 shares. Piedmont Investment Ltd Liability Company holds 0.01% or 1,677 shares in its portfolio. Glenmede Tru Company Na stated it has 0% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Public Sector Pension Board reported 4,547 shares. 455 are owned by Alphaone Services Ltd Liability Company. State Of Tennessee Treasury Department reported 4,981 shares stake. Amer Intl accumulated 0% or 5,377 shares. Moreover, Keybank Association Oh has 0.01% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS) for 9,675 shares. California Employees Retirement System invested 0% of its portfolio in Virtus Investment Partners, Inc. (NASDAQ:VRTS). Moreover, Ls Lc has 0% invested in Virtus Investment Partners, Inc. (NASDAQ:VRTS) for 212 shares. Aperio Grp Ltd holds 0% or 1,707 shares in its portfolio.

Philadelphia Financial Management Of San Francisco Llc decreased its stake in Virtus Invt Partners Inc (VRTS) by 27.76% based on its latest 2018Q2 regulatory filing with the SEC. Philadelphia Financial Management Of San Francisco Llc sold 46,085 shares as the company’s stock declined 4.13% while stock markets rallied. The hedge fund held 119,918 shares of the finance company at the end of 2018Q2, valued at $15.34M, down from 166,003 at the end of the previous reported quarter. Philadelphia Financial Management Of San Francisco Llc who had been investing in Virtus Invt Partners Inc for a number of months, seems to be less bullish one the $815.79 million market cap company. The stock decreased 0.18% or $0.21 during the last trading session, reaching $113.84. About 17,134 shares traded. Virtus Investment Partners, Inc. (NASDAQ:VRTS) has risen 11.48% since October 2, 2017 and is uptrending. It has underperformed by 4.14% the S&P500.

Philadelphia Financial Management Of San Francisco Llc, which manages about $888.86 million and $616.69M US Long portfolio, upped its stake in Penske Automotive Grp Inc (NYSE:PAG) by 120,597 shares to 297,384 shares, valued at $13.93 million in 2018Q2, according to the filing. It also increased its holding in Bgc Partners Inc (NASDAQ:BGCP) by 554,572 shares in the quarter, for a total of 1.35M shares, and has risen its stake in Meta Finl Group Inc (NASDAQ:CASH).

Analysts await Virtus Investment Partners, Inc. (NASDAQ:VRTS) to report earnings on October, 26. They expect $3.33 earnings per share, up 44.78 % or $1.03 from last year’s $2.3 per share. VRTS’s profit will be $23.86M for 8.55 P/E if the $3.33 EPS becomes a reality. After $2.97 actual earnings per share reported by Virtus Investment Partners, Inc. for the previous quarter, Wall Street now forecasts 12.12 % EPS growth.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) Ratings Coverage

Among 5 analysts covering Virtus Investment (NASDAQ:VRTS), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Virtus Investment had 9 analyst reports since April 10, 2018 according to SRatingsIntel. The company was maintained on Monday, July 30 by Credit Suisse. The firm has “Hold” rating by Jefferies given on Wednesday, April 11. Barclays Capital maintained it with “Equal-Weight” rating and $132 target in Monday, April 30 report. Morgan Stanley maintained it with “Equal-Weight” rating and $144 target in Thursday, July 12 report. Barclays Capital maintained Virtus Investment Partners, Inc. (NASDAQ:VRTS) rating on Monday, July 30. Barclays Capital has “Equal-Weight” rating and $140 target. The stock of Virtus Investment Partners, Inc. (NASDAQ:VRTS) earned “Equal-Weight” rating by Barclays Capital on Monday, April 23. The firm earned “Equal-Weight” rating on Tuesday, April 10 by Morgan Stanley. Sandler O’Neill maintained it with “Hold” rating and $13100 target in Wednesday, April 11 report. The rating was maintained by Jefferies with “Hold” on Monday, April 23.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) Institutional Positions Chart

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