Altus Group (TSE:AIF) Director Acquires C$593,265.60 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 13,733 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of C$43.20 per share, with a total value of C$593,265.60. Following the purchase, the director directly owned 3,526,231 shares of the company’s stock, valued at approximately C$152,333,179.20. The trade was a 0.39% increase in their ownership of the stock.

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

• On Wednesday, May 27th, William Brennan bought 1,600 shares of Altus Group stock. The shares were acquired 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 bought 2,400 shares of Altus Group stock. The shares were acquired 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 bought 15,778 shares of Altus Group stock. The shares were acquired 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 bought 857 shares of Altus Group stock. The shares were 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 bought 1,565 shares of Altus Group stock. The shares were 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 bought 10,750 shares of Altus Group stock. The shares were 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 bought 584 shares of Altus Group stock. The shares were 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 bought 1,066 shares of Altus Group stock. The shares were 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 bought 33,544 shares of Altus Group stock. The shares were 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 bought 106,515 shares of Altus Group stock. The shares were acquired at an average price of C$42.80 per share, for a total transaction of C$4,558,842.00.

Altus Group Stock Performance

TSE AIF traded up C$0.43 on Thursday, hitting C$43.47. 168,419 shares of the company’s stock were exchanged, compared to its average volume of 249,996. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The firm’s 50-day moving average price is C$45.96 and its two-hundred day moving average price is C$48.68. Altus Group Limited has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -2,173.50, a P/E/G ratio of 0.96 and a beta of 0.64.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. National Bank Financial lowered their price target on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday. Royal Bank Of Canada lowered 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 report on Friday, February 20th. BMO Capital Markets upped their target price on Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. ATB Cormark Capital Markets upped their target price 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. Finally, TD Securities lowered their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.