Altus Group (TSE:AIF) Director Purchases C$4,558,842.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 106,515 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the completion of the transaction, the director owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. This represents a 3.16% 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 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 acquired 1,565 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$64,118.05.
• On Friday, May 15th, William Brennan bought 10,750 shares of Altus Group stock. The shares were acquired 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 bought 584 shares of Altus Group stock. The shares were acquired 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 bought 1,066 shares of Altus Group stock. The shares were acquired 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 shares were acquired at an average price of C$41.33 per share, with a total value of C$1,386,373.52.

Altus Group Price Performance

AIF stock opened at C$43.13 on Friday. The firm has a 50 day moving average price of C$46.13 and a 200-day moving average price of C$49.03. Altus Group Limited has a 52-week low of C$36.97 and a 52-week high of C$63.07. The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -2,156.50, 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 (TSE:AIF) last released its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) 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. Equities research analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lowered 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 report on Friday, February 20th. TD Securities lowered 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. ATB Cormark Capital Markets boosted their price objective on shares of 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, BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. Three investment 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, Altus Group 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.