Insider Buying: Altus Group (TSE:AIF) Director Buys 1,146 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 1,146 shares of the stock in a transaction on Tuesday, December 23rd. The stock was purchased at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the acquisition, the director owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. This trade represents a 0.05% increase in their position.

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

• On Wednesday, November 26th, William Brennan acquired 71,713 shares of Altus Group stock. The shares were acquired at an average cost of C$54.04 per share, with a total value of C$3,875,370.52.
• On Wednesday, November 26th, William Brennan purchased 53,791 shares of Altus Group stock. The shares were bought at an average cost of C$54.04 per share, with a total value of C$2,906,865.64.
• On Wednesday, November 26th, William Brennan purchased 7,548 shares of Altus Group stock. The shares were purchased at an average cost of C$53.99 per share, for a total transaction of C$407,516.52.
• On Wednesday, November 26th, William Brennan purchased 2,011 shares of Altus Group stock. The shares were acquired at an average cost of C$53.99 per share, for a total transaction of C$108,573.89.
• On Wednesday, November 26th, William Brennan acquired 2,207 shares of Altus Group stock. The shares were bought at an average price of C$53.99 per share, for a total transaction of C$119,155.93.
• On Wednesday, November 26th, William Brennan sold 93,975 shares of Altus Group stock. The shares were sold at an average price of C$53.99, for a total value of C$5,073,710.25.
• On Monday, December 15th, William Brennan bought 3,100 shares of Altus Group stock. The stock was acquired at an average cost of C$54.49 per share, with a total value of C$168,919.00.
• On Tuesday, December 16th, William Brennan bought 600 shares of Altus Group stock. The shares were acquired at an average price of C$54.36 per share, for a total transaction of C$32,616.00.
• On Tuesday, November 11th, William Brennan acquired 4,119 shares of Altus Group stock. The shares were bought at an average cost of C$48.85 per share, for a total transaction of C$201,213.15.
• On Tuesday, November 11th, William Brennan acquired 1,158 shares of Altus Group stock. The stock was bought at an average cost of C$48.85 per share, with a total value of C$56,568.30.

Altus Group Trading Down 0.2%

TSE:AIF traded down C$0.11 during midday trading on Friday, hitting C$49.75. 144,240 shares of the company traded hands, compared to its average volume of 174,473. The firm has a market capitalization of C$2.01 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.96 and a beta of 0.68. The firm’s fifty day moving average is C$54.64 and its 200-day moving average is C$56.60. Altus Group Limited has a 12-month low of C$43.84 and a 12-month high of C$63.07. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. The business had revenue of C$133.32 million for the quarter. On average, sell-side analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AIF. Scotiabank reduced their price target on Altus Group from C$63.00 to C$56.00 in a report on Monday, November 10th. Natl Bk Canada lowered Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and boosted their target price for the company from C$61.00 to C$65.00 in a research note on Friday, November 21st. National Bankshares cut shares of Altus Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$74.00 to C$52.00 in a report on Friday, November 7th. Finally, Royal Bank Of Canada lowered their price objective on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$59.86.

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.