Altus Group (TSE:AIF) Director William Brennan Buys 2,400 Shares

Altus Group Limited (TSE:AIF) Director William Brennan acquired 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of C$42.59 per share, for a total transaction of C$102,216.00. Following the acquisition, the director owned 3,512,498 shares of the company’s stock, valued at C$149,597,289.82. The trade was a 0.07% increase in their position.

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

• On Thursday, May 14th, William Brennan acquired 15,778 shares of Altus Group stock. The stock was acquired at an average cost of C$40.97 per share, for a total transaction of C$646,424.66.
• On Thursday, May 14th, William Brennan acquired 857 shares of Altus Group stock. The stock was acquired at an average cost of C$40.97 per share, for a total transaction of C$35,111.29.
• On Thursday, May 14th, William Brennan acquired 1,565 shares of Altus Group stock. The stock was acquired at an average cost of C$40.97 per share, for a total transaction of C$64,118.05.
• On Friday, May 15th, William Brennan acquired 10,750 shares of Altus Group stock. The stock was acquired at an average cost of C$41.23 per share, for a total transaction of C$443,222.50.
• On Friday, May 15th, William Brennan acquired 584 shares of Altus Group stock. The stock was acquired at an average cost of C$41.23 per share, for a total transaction of C$24,078.32.
• On Friday, May 15th, William Brennan acquired 1,066 shares of Altus Group stock. The stock was acquired at an average cost of C$41.23 per share, for a total transaction of C$43,951.18.
• On Friday, May 15th, William Brennan acquired 33,544 shares of Altus Group stock. The stock was acquired at an average cost of C$41.33 per share, for a total transaction of C$1,386,373.52.
• On Tuesday, May 19th, William Brennan acquired 106,515 shares of Altus Group stock. The stock was acquired at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00.

Altus Group Stock Performance

Shares of AIF traded up C$0.32 on Tuesday, reaching C$43.11. The company’s stock had a trading volume of 105,228 shares, compared to its average volume of 251,889. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The stock has a market capitalization of C$1.54 billion, a P/E ratio of -2,155.50, a PEG ratio of 0.96 and a beta of 0.64. The stock’s 50 day simple moving average is C$46.11 and its two-hundred day simple moving average is C$48.78. Altus Group Limited has a 12-month low of C$36.97 and a 12-month high of C$63.07.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AIF shares. BMO Capital Markets lifted their price target on shares of Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. TD Securities lowered their price target on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. ATB Cormark Capital Markets lifted their price target on shares of Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada lowered their price target on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$56.50.

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.