Altus Group (TSE:AIF) Director William Brennan Purchases 15,778 Shares

Altus Group Limited (TSE:AIF) Director William Brennan purchased 15,778 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of C$40.97 per share, with a total value 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. The trade was a 0.48% increase in their ownership of the stock.

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 price 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 price 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 price 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 price of C$41.23 per share, with a total value of C$24,078.32.
• On Friday, May 15th, William Brennan purchased 1,066 shares of Altus Group stock. The shares were 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 purchased 33,544 shares of Altus Group stock. The shares were purchased at an average price 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 price of C$42.80 per share, with a total value of C$4,558,842.00.

Altus Group Trading Down 0.1%

Shares of TSE AIF traded down C$0.06 during midday trading on Wednesday, reaching C$42.82. 75,718 shares of the stock were exchanged, compared to its average volume of 256,970. The company has a 50 day simple moving average of C$46.32 and a 200 day simple moving average of C$49.27. The stock has a market capitalization of C$1.53 billion, a P/E ratio of -2,141.00, a PEG ratio of 0.96 and a beta of 0.64. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. Altus Group Limited has a twelve month low of C$36.97 and a twelve month high of C$63.07.

Altus Group (TSE:AIF) last posted its 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 firm had revenue of C$108.24 million during the quarter. As a group, equities analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. TD Securities dropped their target price on shares of 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. Royal Bank Of Canada decreased their price target on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. BMO Capital Markets raised their price target on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Finally, ATB Cormark Capital Markets raised their price target 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. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.