Liontrust Asset Management (LON:LIO) Stock Price Down 13% - Here's What Happened

Shares of Liontrust Asset Management PLC (LON:LIO - Get Free Report) traded down 13% during mid-day trading on Wednesday . 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 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 ($5.62).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased 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 research report on Tuesday, April 15th.

Liontrust Asset Management Price Performance

The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 1.48. The company's 50 day moving average price is GBX 366.41 and its 200 day moving average price is GBX 402.11. The company has a market cap of £226.07 million, a price-to-earnings ratio of 3.28, a PEG ratio of -1.70 and a beta of 1.33.

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) EPS for the quarter. Liontrust Asset Management had a net margin of 35.21% and a return on equity of 39.68%. Equities research analysts forecast that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current year.

Insider Buying and Selling at Liontrust Asset Management

In related news, insider John Stephen Ions sold 26,100 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of GBX 324 ($4.43), for a total value of £84,564 ($115,540.37). Also, insider Vinay Kumar Abrol acquired 1,614 shares of Liontrust Asset Management stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of GBX 336 ($4.59) per share, with a total value of £5,423.04 ($7,409.54). 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.

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