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

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

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

• On Thursday, May 14th, William Brennan acquired 15,778 shares of Altus Group stock. The shares were bought 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 purchased 857 shares of Altus Group stock. The stock was acquired 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 purchased 1,565 shares of Altus Group stock. The stock was acquired 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 acquired at an average price of C$41.23 per share, for a total transaction of C$443,222.50.
• On Friday, May 15th, William Brennan purchased 584 shares of Altus Group stock. The stock was acquired at an average price of C$41.23 per share, for a total transaction of C$24,078.32.
• On Friday, May 15th, William Brennan purchased 1,066 shares of Altus Group stock. The stock was acquired 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 purchased 33,544 shares of Altus Group stock. The stock was acquired at an average price of C$41.33 per share, for a total transaction of C$1,386,373.52.
• On Tuesday, May 19th, William Brennan purchased 106,515 shares of Altus Group stock. The stock was acquired at an average price of C$42.80 per share, for a total transaction of C$4,558,842.00.

Altus Group Price Performance

AIF traded up C$0.32 during trading hours on Tuesday, hitting C$43.11. The company’s stock had a trading volume of 105,228 shares, compared to its average volume of 251,889. The business’s 50-day moving average price is C$46.11 and its 200-day moving average price 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. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of -2,155.50, a P/E/G 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 (TSE:AIF) last announced 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 company had revenue of C$108.24 million for the quarter. Sell-side analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AIF has been the topic of a number of analyst reports. 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. TD Securities cut their price objective on shares of 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. Royal Bank Of Canada cut their price objective on shares of 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, BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.