Insider Buying: Altus Group (TSE:AIF) Director Acquires 2,000 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were bought 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 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 purchased 13,733 shares of Altus Group stock. The shares were bought 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 shares were 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 shares were 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 shares were 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 shares were 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 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 Stock Performance

Altus Group stock traded down C$0.71 during mid-day trading on Friday, reaching C$42.76. 120,609 shares of the company traded hands, compared to its average volume of 248,647. 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 fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -2,138.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64. The firm’s fifty day moving average is C$45.96 and its two-hundred day moving average is C$48.68.

Altus Group (TSE:AIF) last issued 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 net margin of 3.42% and a negative return on equity of 2.76%. The business had revenue of C$108.24 million for the quarter. On average, equities research analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Analyst Ratings Changes

AIF has been the topic of a number of research reports. Royal Bank Of Canada cut their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. ATB Cormark Capital Markets increased 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 research note on Friday, April 17th. National Bank Financial cut their price objective on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Finally, TD Securities cut their price objective on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Altus Group presently has a consensus rating of “Hold” and a consensus target price 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.