Liontrust Asset Management (LON:LIO) Shares Down 13% - Here's Why

Shares of Liontrust Asset Management PLC (LON:LIO - Get Free Report) fell 13% during trading on Wednesday . The company traded as low as GBX 358 ($4.91) and last traded at GBX 358 ($4.91). 2,599,837 shares changed hands during mid-day trading, an increase of 520% from the average session volume of 419,484 shares. The stock had previously closed at GBX 411.50 ($5.65).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on shares of Liontrust Asset Management from GBX 450 ($6.17) to GBX 330 ($4.53) and set a "hold" rating for the company in a research note on Tuesday, April 15th.

Liontrust Asset Management Trading Up 4.9%

The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.35 and a current ratio of 1.42. The firm has a market cap of £251.64 million, a PE ratio of 3.65, a PEG ratio of -1.70 and a beta of 1.33. The stock's 50 day simple moving average is GBX 369.49 and its 200 day simple moving average is GBX 399.22.

Liontrust Asset Management (LON:LIO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported GBX 55.56 ($0.76) earnings per share (EPS) for the quarter. Liontrust Asset Management had a net margin of 35.21% and a return on equity of 39.68%. On average, sell-side analysts forecast that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Stephen Ions sold 26,100 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of GBX 324 ($4.45), for a total transaction of £84,564 ($116,015.91). Also, insider Vinay Kumar Abrol purchased 1,614 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of GBX 336 ($4.61) per share, with a total value of £5,423.04 ($7,440.03). 11.90% of the stock is owned by corporate insiders.

Liontrust Asset Management Company Profile

Liontrust Asset Management Plc is a publicly owned investment manager. The firm also launches equity, fixed income, , multi-asset and managed funds for its clients. It invests into the public equity and multi-asset markets across the globe. The firm was formerly known as River and Mercantile Investment Management Limited.