Altus Group (TSE:AIF) Director William Brennan Acquires 106,515 Shares

Altus Group Limited (TSE:AIF) Director William Brennan purchased 106,515 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of C$42.80 per share, with a total value of C$4,558,842.00. Following the completion of the acquisition, the director owned 3,479,874 shares of the company’s stock, valued at C$148,938,607.20. This trade represents a 3.16% increase in their position.

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

• On Thursday, May 14th, William Brennan purchased 15,778 shares of Altus Group stock. The shares were bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price of C$41.23 per share, with a total value of C$443,222.50.
• On Friday, May 15th, William Brennan acquired 584 shares of Altus Group stock. The shares were 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 bought at an average price 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 bought at an average price of C$41.33 per share, for a total transaction of C$1,386,373.52.

Altus Group Trading Down 0.1%

Shares of Altus Group stock opened at C$42.82 on Thursday. The company’s fifty day simple moving average is C$46.23 and its 200-day simple moving average is C$49.17. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of -2,141.00, a PEG ratio of 0.96 and a beta of 0.64. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. Altus Group Limited has a 1 year low of C$36.97 and a 1 year high of C$63.07.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) 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. As a group, sell-side analysts expect that Altus Group Limited will post 1.7263823 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AIF. Royal Bank Of Canada decreased their price objective on 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. ATB Cormark Capital Markets boosted their price objective 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. BMO Capital Markets boosted their price objective on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Finally, TD Securities decreased 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 research note on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.