Altus Group (TSE:AIF) Director Purchases C$1,386,373.52 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 33,544 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of C$41.33 per share, for a total transaction of C$1,386,373.52. Following the completion of the transaction, the director directly owned 3,373,359 shares of the company’s stock, valued at approximately C$139,420,927.47. This trade represents a 1.00% increase in their position.

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

• On Thursday, May 14th, William Brennan acquired 15,778 shares of Altus Group stock. The shares were purchased 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 acquired 857 shares of Altus Group stock. The shares were purchased 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 bought 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 bought 10,750 shares of Altus Group stock. The shares were bought 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 bought 584 shares of Altus Group stock. The shares were bought 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 shares were bought at an average cost of C$41.23 per share, with a total value of C$43,951.18.
• On Tuesday, May 19th, William Brennan bought 106,515 shares of Altus Group stock. The shares were bought at an average cost of C$42.80 per share, with a total value of C$4,558,842.00.

Altus Group Price Performance

Shares of Altus Group stock traded down C$0.06 during trading hours on Wednesday, reaching C$42.82. The company’s stock had a trading volume of 75,718 shares, compared to its average volume of 256,970. The firm has a 50 day moving average price of C$46.32 and a 200-day moving average price of C$49.27. Altus Group Limited has a one year low of C$36.97 and a one year high of C$63.07. 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 stock has a market cap of C$1.53 billion, a P/E ratio of -2,141.00, a P/E/G ratio of 0.96 and a beta of 0.64.

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 for the quarter. On average, analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada decreased their target price 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. TD Securities decreased 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 research report on Wednesday, February 25th. ATB Cormark Capital Markets upped 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 note on Friday, April 17th. Finally, BMO Capital Markets upped their price target on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Altus Group presently has an average rating of “Hold” and a consensus 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.