Insider Buying: Altus Group (TSE:AIF) Director Acquires 33,544 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 33,544 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of C$41.33 per share, for a total transaction of C$1,386,373.52. Following the purchase, the director directly owned 3,373,359 shares in the company, valued at 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 bought 15,778 shares of Altus Group stock. The stock was bought 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 purchased 857 shares of Altus Group stock. The shares were acquired 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 acquired 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 acquired 10,750 shares of Altus Group stock. The shares were purchased 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 purchased 584 shares of Altus Group stock. The stock was bought 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 purchased 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 Tuesday, May 19th, William Brennan purchased 106,515 shares of Altus Group stock. The stock was purchased at an average price of C$42.80 per share, with a total value of C$4,558,842.00.

Altus Group Price Performance

Shares of AIF traded down C$0.06 during trading hours on Wednesday, reaching C$42.82. The stock had a trading volume of 75,718 shares, compared to its average volume of 256,970. The stock has a market capitalization of C$1.53 billion, a PE ratio of -2,141.00, a PEG ratio of 0.96 and a beta of 0.64. Altus Group Limited has a 12 month low of C$36.97 and a 12 month high of C$63.07. The company’s 50-day moving average is C$46.32 and its two-hundred day moving average is C$49.27. 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 issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%.The firm had revenue of C$108.24 million during the quarter. Research analysts expect that Altus Group Limited will post 1.7263823 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIF. BMO Capital Markets raised their price target 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 lifted 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 note on Friday, April 17th. Royal Bank Of Canada reduced their price objective on 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. Finally, TD Securities reduced 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 research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Altus Group has a consensus rating of “Hold” and a consensus price target of C$56.50.

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.