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

Liontrust Asset Management PLC (LON:LIO - Get Free Report)'s share price traded down 13% during trading on Thursday . The stock traded as low as GBX 358 ($4.89) and last traded at GBX 358 ($4.89). 2,599,837 shares changed hands during trading, an increase of 520% from the average session volume of 419,484 shares. The stock had previously closed at GBX 411.50 ($5.62).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on Liontrust Asset Management from GBX 450 ($6.15) to GBX 330 ($4.51) and set a "hold" rating for the company in a report on Tuesday, April 15th.

Liontrust Asset Management Trading Up 0.8%

The company has a 50 day moving average of GBX 367.10 and a 200 day moving average of GBX 401.81. The firm has a market cap of £227.96 million, a P/E ratio of 3.31, a PEG ratio of -1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.35 and a current ratio of 1.42.

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

Insider Buying and Selling

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 ($4.43), for a total transaction of £84,564 ($115,540.37). Also, insider Vinay Kumar Abrol purchased 1,614 shares of Liontrust Asset Management stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of GBX 336 ($4.59) per share, with a total value of £5,423.04 ($7,409.54). Corporate insiders own 11.90% of the company's stock.

About Liontrust Asset Management

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.

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