Altus Group (TSE:AIF) Director William Brennan Purchases 2,000 Shares

Altus Group Limited (TSE:AIF) Director William Brennan bought 2,000 shares of Altus Group stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of C$42.90 per share, for a total transaction of C$85,800.00. Following the completion of the transaction, the director owned 3,529,831 shares of the company’s stock, valued at approximately C$151,429,749.90. This trade represents a 0.06% increase in their position.

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

• On Wednesday, May 27th, William Brennan bought 13,733 shares of Altus Group stock. The shares were bought at an average cost of C$43.20 per share, for a total transaction of C$593,265.60.
• On Wednesday, May 27th, William Brennan purchased 1,600 shares of Altus Group stock. The shares were purchased at an average price of C$42.99 per share, for a total transaction of C$68,784.00.
• On Tuesday, May 26th, William Brennan purchased 2,400 shares of Altus Group stock. The shares were purchased at an average price of C$42.59 per share, for a total transaction of C$102,216.00.
• On Thursday, May 14th, William Brennan purchased 15,778 shares of Altus Group stock. The shares were 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 purchased 857 shares of Altus Group stock. The shares were 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 purchased 1,565 shares of Altus Group stock. The shares were 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 shares were purchased 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 shares were purchased 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 acquired 1,066 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$43,951.18.
• On Friday, May 15th, William Brennan acquired 33,544 shares of Altus Group stock. The shares were acquired at an average cost of C$41.33 per share, for a total transaction of C$1,386,373.52.

Altus Group Stock Performance

Shares of AIF stock opened at C$42.30 on Friday. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of -2,115.00, a PEG ratio of 0.96 and a beta of 0.64. The company’s 50 day moving average is C$45.88 and its 200 day moving average is C$48.64. The company has a quick ratio of 1.30, a current ratio of 0.71 and a debt-to-equity ratio of 52.00. Altus Group Limited has a 52-week low of C$36.97 and a 52-week high of C$63.07.

Altus Group (TSE:AIF) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The company had revenue of C$108.24 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. On average, sell-side analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AIF shares. BMO Capital Markets boosted their target price on shares of Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. 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. ATB Cormark Capital Markets lifted their price objective on shares of 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. Finally, National Bank Financial cut their price objective on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.