Altus Group (TSE:AIF) Director Acquires C$4,558,842.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 106,515 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of C$42.80 per share, with a total value of C$4,558,842.00. Following the acquisition, the director owned 3,479,874 shares of the company’s stock, valued at approximately 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 bought 15,778 shares of Altus Group stock. The stock was 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 acquired 857 shares of Altus Group stock. The shares were bought 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 acquired 1,565 shares of Altus Group stock. The shares were bought 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 acquired 10,750 shares of Altus Group stock. The shares were bought 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 acquired 584 shares of Altus Group stock. The shares were bought 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 acquired 1,066 shares of Altus Group stock. The shares were bought 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 acquired 33,544 shares of Altus Group stock. The shares were bought at an average cost of C$41.33 per share, with a total value of C$1,386,373.52.

Altus Group Stock Down 0.1%

Shares of TSE:AIF traded down C$0.06 during mid-day trading on Wednesday, reaching C$42.82. 75,718 shares of the stock were exchanged, compared to its average volume of 256,970. 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 cap of C$1.53 billion, a P/E ratio of -2,141.00, a P/E/G ratio of 0.96 and a beta of 0.64. Altus Group Limited has a one year low of C$36.97 and a one year high of C$63.07. The stock’s 50 day simple moving average is C$46.32 and its 200-day simple moving average is C$49.27.

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

Analyst Ratings Changes

AIF has been the subject of several recent analyst reports. TD Securities dropped their price objective on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. ATB Cormark Capital Markets raised their price objective on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada lowered their target price on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, BMO Capital Markets lifted their target price on Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Altus Group presently has an average rating of “Hold” and an average target price of C$56.50.

About Altus Group

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.