Jupiter Fund Management Plc (LON:JUP) Insider Purchases £74,000 in Stock

Jupiter Fund Management Plc (LON:JUP) insider David Cruickshank acquired 100,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of GBX 74 ($0.95) per share, with a total value of £74,000 ($94,665.47).

Jupiter Fund Management Price Performance

Shares of JUP traded up GBX 2.50 ($0.03) during mid-day trading on Wednesday, hitting GBX 76.70 ($0.98). 1,782,224 shares of the stock were exchanged, compared to its average volume of 2,145,111. The company has a market cap of £392.94 million, a PE ratio of -44.26 and a beta of 1.42. Jupiter Fund Management Plc has a 52-week low of GBX 72.70 ($0.93) and a 52-week high of GBX 93.95 ($1.20). The firm has a 50-day moving average of GBX 80.17 and a two-hundred day moving average of GBX 82.52. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.

Jupiter Fund Management (LON:JUP) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 13.40 ($0.17) earnings per share (EPS) for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. On average, equities analysts predict that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup cut their target price on Jupiter Fund Management from GBX 92 ($1.18) to GBX 80 ($1.02) and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 89 ($1.14).

About Jupiter Fund Management

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.