William Brennan Acquires 15,778 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 15,778 shares of Altus Group stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of C$40.97 per share, for a total transaction of C$646,424.66. Following the acquisition, the director directly owned 3,324,993 shares in the company, valued at approximately C$136,224,963.21. This trade represents a 0.48% increase in their position.

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

• On Thursday, May 14th, William Brennan purchased 857 shares of Altus Group stock. The shares were purchased at an average cost 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 acquired at an average cost of C$40.97 per share, for a total transaction of C$64,118.05.
• On Friday, May 15th, William Brennan bought 10,750 shares of Altus Group stock. The shares were acquired 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 acquired 584 shares of Altus Group stock. The stock was acquired 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 bought 1,066 shares of Altus Group stock. The stock was bought 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 shares were purchased at an average cost of C$41.33 per share, with a total value of C$1,386,373.52.
• On Tuesday, May 19th, William Brennan purchased 106,515 shares of Altus Group stock. The shares were purchased at an average cost of C$42.80 per share, with a total value of C$4,558,842.00.

Altus Group Stock Down 0.1%

Shares of AIF stock traded down C$0.06 during mid-day trading on Wednesday, hitting C$42.82. 75,718 shares of the stock traded hands, compared to its average volume of 256,970. The stock 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. The stock’s fifty day moving average is C$46.32 and its two-hundred day moving average is C$49.27. Altus Group Limited has a 52-week low of C$36.97 and a 52-week high of C$63.07. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30.

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

Analysts Set New Price Targets

Several analysts have recently commented on AIF shares. ATB Cormark Capital Markets increased their price objective on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, April 17th. BMO Capital Markets upped their target price on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Royal Bank Of Canada cut their target price 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 cut 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.