Altus Group (TSE:AIF) Director Acquires C$102,216.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 2,400 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of C$42.59 per share, for a total transaction of C$102,216.00. Following the acquisition, the director directly owned 3,512,498 shares of the company’s stock, valued at approximately C$149,597,289.82. This represents a 0.07% increase in their ownership of the stock.

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

• On Wednesday, May 27th, William Brennan purchased 13,733 shares of Altus Group stock. The shares were acquired at an average price of C$43.20 per share, for a total transaction of C$593,265.60.
• On Wednesday, May 27th, William Brennan acquired 1,600 shares of Altus Group stock. The shares were bought at an average price of C$42.99 per share, with a total value of C$68,784.00.
• On Thursday, May 14th, William Brennan bought 15,778 shares of Altus Group stock. The stock was purchased at an average price of C$40.97 per share, for a total transaction of C$646,424.66.
• On Thursday, May 14th, William Brennan bought 857 shares of Altus Group stock. The stock was purchased at an average price of C$40.97 per share, for a total transaction of C$35,111.29.
• On Thursday, May 14th, William Brennan bought 1,565 shares of Altus Group stock. The stock was purchased at an average price of C$40.97 per share, for a total transaction of C$64,118.05.
• On Friday, May 15th, William Brennan purchased 10,750 shares of Altus Group stock. The stock was 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 purchased 584 shares of Altus Group stock. The stock was bought at an average price 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 bought at an average price of C$41.23 per share, with a total value of C$43,951.18.
• On Friday, May 15th, William Brennan bought 33,544 shares of Altus Group stock. The shares were acquired at an average price of C$41.33 per share, with a total value of C$1,386,373.52.
• On Tuesday, May 19th, William Brennan bought 106,515 shares of Altus Group stock. The shares were acquired at an average price of C$42.80 per share, with a total value of C$4,558,842.00.

Altus Group Price Performance

AIF opened at C$43.47 on Friday. The stock has a market capitalization of C$1.56 billion, a P/E ratio of -2,173.50, 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 12-month low of C$36.97 and a 12-month high of C$63.07. The stock has a 50-day moving average price of C$45.96 and a 200-day moving average price of C$48.68.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The company 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%. Equities analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. ATB Cormark Capital Markets boosted their price objective on shares of 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 lifted their price objective on Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. National Bank Financial cut their price target on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday. Royal Bank Of Canada lowered 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 research report on Friday, February 20th. Finally, TD Securities decreased their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Altus Group has a consensus rating of “Hold” and an average 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.