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

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target 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 Price Performance

The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 1.48. The firm has a fifty day moving average price of GBX 367.10 and a two-hundred day moving average price of GBX 401.81. The stock has a market capitalization 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.

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 for the quarter. Liontrust Asset Management had a return on equity of 39.68% and a net margin of 35.21%. On average, analysts expect that Liontrust Asset Management PLC will post 69.828816 EPS for the current year.

Insider Buying and Selling

In related news, insider John Stephen Ions sold 26,100 shares of Liontrust Asset Management stock in a transaction dated 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 stock was acquired at an average price 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.

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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