William Brennan Buys 2,000 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of C$42.90 per share, for a total transaction of C$85,800.00. Following the purchase, the director directly owned 3,529,831 shares in the company, valued at approximately C$151,429,749.90. The trade was a 0.06% increase in their ownership of the stock.

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

• On Wednesday, May 27th, William Brennan bought 13,733 shares of Altus Group stock. The shares were purchased at an average price of C$43.20 per share, for a total transaction of C$593,265.60.
• On Wednesday, May 27th, William Brennan purchased 1,600 shares of Altus Group stock. The stock was bought at an average price of C$42.99 per share, for a total transaction of C$68,784.00.
• On Tuesday, May 26th, William Brennan purchased 2,400 shares of Altus Group stock. The stock was bought at an average price of C$42.59 per share, for a total transaction of C$102,216.00.
• On Thursday, May 14th, William Brennan purchased 15,778 shares of Altus Group stock. The stock was bought 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 purchased 857 shares of Altus Group stock. The stock was bought 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 stock was acquired 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 bought 10,750 shares of Altus Group stock. The stock was acquired 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 bought 584 shares of Altus Group stock. The stock was acquired 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 bought 1,066 shares of Altus Group stock. The stock was acquired 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 bought 33,544 shares of Altus Group stock. The stock was acquired at an average price of C$41.33 per share, for a total transaction of C$1,386,373.52.

Altus Group Price Performance

Shares of Altus Group stock traded down C$0.71 during trading hours on Friday, reaching C$42.76. The company’s stock had a trading volume of 120,609 shares, compared to its average volume of 248,647. The firm has a 50 day moving average price of C$45.96 and a 200-day moving average price of C$48.68. 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 -2,138.00, 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

Several equities analysts recently commented on the stock. National Bank Financial cut their price target on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday. TD Securities cut their price target on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. ATB Cormark Capital Markets boosted their price objective 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. Finally, Royal Bank Of Canada lowered their price objective 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. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$55.63.

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.