Insider Buying: Altus Group (TSE:AIF) Director Buys C$64,405.20 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan bought 1,146 shares of the stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average price of C$56.20 per share, with a total value of C$64,405.20. Following the acquisition, the director owned 2,534,757 shares in the company, valued at approximately C$142,453,343.40. This represents a 0.05% increase in their position.

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

• On Wednesday, November 26th, William Brennan acquired 71,713 shares of Altus Group stock. The shares were purchased at an average cost of C$54.04 per share, with a total value of C$3,875,370.52.
• On Wednesday, November 26th, William Brennan acquired 53,791 shares of Altus Group stock. The shares were purchased at an average price of C$54.04 per share, with a total value of C$2,906,865.64.
• On Wednesday, November 26th, William Brennan bought 7,548 shares of Altus Group stock. The stock was purchased at an average cost of C$53.99 per share, for a total transaction of C$407,516.52.
• On Wednesday, November 26th, William Brennan purchased 2,011 shares of Altus Group stock. The shares were purchased at an average cost of C$53.99 per share, with a total value of C$108,573.89.
• On Wednesday, November 26th, William Brennan purchased 2,207 shares of Altus Group stock. The shares were acquired at an average cost of C$53.99 per share, with a total value of C$119,155.93.
• On Wednesday, November 26th, William Brennan sold 93,975 shares of Altus Group stock. The shares were sold at an average price of C$53.99, for a total transaction of C$5,073,710.25.
• On Monday, December 15th, William Brennan bought 3,100 shares of Altus Group stock. The shares were acquired at an average price of C$54.49 per share, with a total value of C$168,919.00.
• On Tuesday, December 16th, William Brennan bought 600 shares of Altus Group stock. The stock was acquired at an average cost of C$54.36 per share, with a total value of C$32,616.00.
• On Tuesday, November 11th, William Brennan purchased 4,119 shares of Altus Group stock. The stock was acquired at an average price of C$48.85 per share, for a total transaction of C$201,213.15.
• On Tuesday, November 11th, William Brennan acquired 1,158 shares of Altus Group stock. The shares were acquired at an average price of C$48.85 per share, with a total value of C$56,568.30.

Altus Group Price Performance

Shares of TSE AIF opened at C$49.67 on Tuesday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The business has a 50-day moving average of C$54.64 and a 200-day moving average of C$56.61. The stock has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.96 and a beta of 0.68. Altus Group Limited has a fifty-two week low of C$43.84 and a fifty-two week high of C$63.07.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$133.32 million for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%. As a group, sell-side analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Altus Group from C$57.00 to C$61.00 in a research note on Friday, December 5th. Cormark raised Altus Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$61.00 to C$65.00 in a research report on Friday, November 21st. Royal Bank Of Canada cut their price objective on Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. National Bankshares downgraded Altus Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$74.00 to C$52.00 in a research note on Friday, November 7th. Finally, TD Securities dropped their price target on Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Altus Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.86.

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.