William Brennan Purchases 106,515 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 106,515 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of C$42.80 per share, with a total value of C$4,558,842.00. Following the transaction, the director owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. The trade was a 3.16% increase in their position.

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

• On Thursday, May 14th, William Brennan purchased 15,778 shares of Altus Group stock. The shares were acquired at an average price of C$40.97 per share, with a total value 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 cost of C$40.97 per share, with a total value 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 cost of C$40.97 per share, with a total value 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 cost of C$41.23 per share, with a total value 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 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 purchased at an average price of C$41.23 per share, with a total value of C$43,951.18.
• On Friday, May 15th, William Brennan bought 33,544 shares of Altus Group stock. The stock was bought at an average cost of C$41.33 per share, for a total transaction of C$1,386,373.52.

Altus Group Stock Down 0.1%

Shares of TSE AIF traded down C$0.06 during trading on Wednesday, reaching C$42.82. The company had a trading volume of 75,718 shares, 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. 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$1.53 billion, a PE ratio of -2,141.00, a P/E/G ratio of 0.96 and a beta of 0.64. The business’s 50-day moving average is C$46.32 and its 200 day moving average is C$49.27.

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

Analysts Set New Price Targets

AIF has been the topic of several recent research reports. BMO Capital Markets raised their price objective on Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. TD Securities dropped their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. ATB Cormark Capital Markets upped their target price on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, 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 for the company in a report on Friday, February 20th. 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$56.50.

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.