Altus Group (TSE:AIF) Director Acquires C$85,800.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of C$42.90 per share, for a total transaction of C$85,800.00. Following the completion of the acquisition, the director owned 3,529,831 shares in the company, valued at C$151,429,749.90. This represents a 0.06% increase in their position.

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

• On Wednesday, May 27th, William Brennan acquired 13,733 shares of Altus Group stock. The shares were purchased at an average cost of C$43.20 per share, for a total transaction of C$593,265.60.
• On Wednesday, May 27th, William Brennan acquired 1,600 shares of Altus Group stock. The shares were purchased at an average cost of C$42.99 per share, for a total transaction of C$68,784.00.
• On Tuesday, May 26th, William Brennan acquired 2,400 shares of Altus Group stock. The shares were purchased at an average cost of C$42.59 per share, for a total transaction of C$102,216.00.
• On Thursday, May 14th, William Brennan acquired 15,778 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$646,424.66.
• On Thursday, May 14th, William Brennan acquired 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 bought 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 purchased 10,750 shares of Altus Group stock. The shares were bought 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 purchased 584 shares of Altus Group stock. The shares were bought 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 purchased 1,066 shares of Altus Group stock. The shares were 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 bought at an average price of C$41.33 per share, for a total transaction of C$1,386,373.52.

Altus Group Price Performance

AIF opened at C$42.30 on Monday. The stock’s 50 day simple moving average is C$45.88 and its 200 day simple moving average is C$48.64. 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 Limited has a 1 year low of C$36.97 and a 1 year high of C$63.07. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of -2,115.00, a PEG ratio of 0.96 and a beta of 0.64.

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

Analyst Ratings Changes

Several research firms recently issued reports on AIF. TD Securities reduced their price target 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. ATB Cormark Capital Markets raised their price target on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. BMO Capital Markets raised their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Royal Bank Of Canada reduced their price target 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, National Bank Financial reduced 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 research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.