William Brennan Purchases 1,146 Shares of Altus Group (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan acquired 1,146 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the purchase, the director directly owned 2,534,757 shares in the company, valued at approximately C$142,453,343.40. This trade represents a 0.05% increase in their ownership of the stock.

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

• On Wednesday, November 26th, William Brennan purchased 71,713 shares of Altus Group stock. The shares were purchased at an average cost of C$54.04 per share, for a total transaction of C$3,875,370.52.
• On Wednesday, November 26th, William Brennan purchased 53,791 shares of Altus Group stock. The shares were purchased at an average price of C$54.04 per share, for a total transaction of C$2,906,865.64.
• On Wednesday, November 26th, William Brennan acquired 7,548 shares of Altus Group stock. The stock was purchased at an average cost of C$53.99 per share, with a total value of C$407,516.52.
• On Wednesday, November 26th, William Brennan bought 2,011 shares of Altus Group stock. The shares were purchased at an average cost of C$53.99 per share, for a total transaction of C$108,573.89.
• On Wednesday, November 26th, William Brennan bought 2,207 shares of Altus Group stock. The shares were acquired at an average price of C$53.99 per share, for a total transaction of C$119,155.93.
• On Wednesday, November 26th, William Brennan sold 93,975 shares of Altus Group stock. The stock was sold at an average price of C$53.99, for a total value of C$5,073,710.25.
• On Monday, December 15th, William Brennan purchased 3,100 shares of Altus Group stock. The shares were acquired at an average price of C$54.49 per share, for a total transaction of C$168,919.00.
• On Tuesday, December 16th, William Brennan acquired 600 shares of Altus Group stock. The stock was acquired at an average price of C$54.36 per share, with a total value of C$32,616.00.
• On Tuesday, November 11th, William Brennan bought 4,119 shares of Altus Group stock. The shares were acquired at an average cost of C$48.85 per share, with a total value of C$201,213.15.
• On Tuesday, November 11th, William Brennan bought 1,158 shares of Altus Group stock. The shares were acquired at an average price of C$48.85 per share, for a total transaction of C$56,568.30.

Altus Group Price Performance

Altus Group stock opened at C$49.75 on Monday. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. The company’s fifty day moving average price is C$54.64 and its 200 day moving average price is C$56.64. The stock has a market capitalization of C$2.01 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.96 and a beta of 0.68. Altus Group Limited has a 1 year low of C$43.84 and a 1 year high of C$63.07.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$133.32 million for the quarter. Altus Group had a net margin of 0.36% and a return on equity of 0.43%. As a group, equities research analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. National Bankshares lowered Altus Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$74.00 to C$52.00 in a research note on Friday, November 7th. CIBC boosted their price target on Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Natl Bk Canada downgraded Altus Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Scotiabank lowered their target price on shares of Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Finally, TD Securities dropped their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Altus Group currently has an average rating of “Moderate Buy” and a consensus target price of C$59.86.

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.