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

Liontrust Asset Management PLC (LON:LIO - Get Free Report) shares fell 13% during mid-day trading on Wednesday . The company traded as low as GBX 358 ($4.89) and last traded at GBX 358 ($4.89). 2,599,837 shares were traded 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).

Wall Street Analyst Weigh In

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

Liontrust Asset Management Trading Down 13.0%

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

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

Insider Transactions at Liontrust Asset Management

In other Liontrust Asset Management news, insider John Stephen Ions sold 26,100 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were 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 bought 1,614 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of GBX 336 ($4.59) per share, for a total transaction of £5,423.04 ($7,409.54). Corporate insiders own 11.90% of the company's stock.

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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