Altus Group (TSE:AIF) Director William Brennan Buys 13,733 Shares

Altus Group Limited (TSE:AIF) Director William Brennan bought 13,733 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of C$43.20 per share, with a total value of C$593,265.60. Following the completion of the acquisition, the director owned 3,526,231 shares of the company’s stock, valued at C$152,333,179.20. This trade represents a 0.39% increase in their position.

William Brennan also recently made the following trade(s):

• On Wednesday, May 27th, William Brennan bought 1,600 shares of Altus Group stock. The stock was bought at an average price of C$42.99 per share, with a total value of C$68,784.00.
• On Tuesday, May 26th, William Brennan purchased 2,400 shares of Altus Group stock. The shares were acquired at an average cost of C$42.59 per share, with a total value of C$102,216.00.
• On Thursday, May 14th, William Brennan purchased 15,778 shares of Altus Group stock. The shares were acquired at an average cost of C$40.97 per share, with a total value of C$646,424.66.
• On Thursday, May 14th, William Brennan purchased 857 shares of Altus Group stock. The shares were acquired at an average cost of C$40.97 per share, with a total value of C$35,111.29.
• On Thursday, May 14th, William Brennan purchased 1,565 shares of Altus Group stock. The shares were acquired at an average cost of C$40.97 per share, with a total value of C$64,118.05.
• On Friday, May 15th, William Brennan purchased 10,750 shares of Altus Group stock. The shares were acquired at an average cost of C$41.23 per share, with a total value of C$443,222.50.
• On Friday, May 15th, William Brennan purchased 584 shares of Altus Group stock. The stock was acquired at an average cost of C$41.23 per share, with a total value of C$24,078.32.
• On Friday, May 15th, William Brennan purchased 1,066 shares of Altus Group stock. The stock was acquired at an average cost of C$41.23 per share, with a total value of C$43,951.18.
• On Friday, May 15th, William Brennan purchased 33,544 shares of Altus Group stock. The stock was acquired at an average cost of C$41.33 per share, with a total value of C$1,386,373.52.
• On Tuesday, May 19th, William Brennan purchased 106,515 shares of Altus Group stock. The stock was acquired at an average cost of C$42.80 per share, with a total value of C$4,558,842.00.

Altus Group Stock Up 1.0%

AIF traded up C$0.43 on Thursday, reaching C$43.47. The company’s stock had a trading volume of 168,419 shares, compared to its average volume of 249,996. The stock has a 50 day moving average of C$45.96 and a two-hundred day moving average of C$48.68. The company has a quick ratio of 1.30, a current ratio of 0.71 and a debt-to-equity ratio of 52.00. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -2,173.50, a P/E/G ratio of 0.96 and a beta of 0.64. Altus Group Limited has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The firm had revenue of C$108.24 million during the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. As a group, analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AIF. TD Securities lowered their price target on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Royal Bank Of Canada reduced their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. ATB Cormark Capital Markets boosted their price target on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. National Bank Financial dropped their price target on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets boosted their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$55.63.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.