Liontrust Asset Management (LON:LIO) Shares Down 13% – Time to Sell?

Liontrust Asset Management PLC (LON:LIO) was down 13% on Wednesday . The company traded as low as GBX 358 ($4.89) and last traded at GBX 358 ($4.89). Approximately 2,599,837 shares were traded during mid-day 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 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 note on Tuesday, April 15th.

Liontrust Asset Management Stock Performance

The firm has a market cap of £227.47 million, a price-to-earnings ratio of 3.30, a price-to-earnings-growth ratio of -1.70 and a beta of 1.33. 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 stock has a fifty day moving average price of GBX 367.10 and a 200-day moving average price of GBX 401.81.

Liontrust Asset Management (LON:LIO) last released its 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%. On average, analysts expect 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 stock was 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 acquired 1,614 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost 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.