Key Points
- Director William Brennan bought 106,515 Altus Group shares on May 19 at an average price of C$42.80, bringing his total holdings to 3,479,874 shares.
- The purchase was part of a series of recent insider buys by Brennan, including multiple transactions on May 14 and May 15, signaling continued insider confidence in the company.
- Altus Group shares were trading around C$42.82, below both the 50-day and 200-day moving averages, while analysts currently rate the stock a Hold on average with a target price of C$56.50.
Altus Group Limited (TSE:AIF - Get Free Report) Director William Brennan bought 106,515 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the completion of the purchase, the director owned 3,479,874 shares in the company, valued at 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 purchased 15,778 shares of Altus Group stock. The shares were acquired at an average cost of C$40.97 per share, with a total value of C$646,424.66.
- On Thursday, May 14th, William Brennan acquired 857 shares of Altus Group stock. The stock was bought at an average cost of C$40.97 per share, with a total value 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, with a total value of C$64,118.05.
- On Friday, May 15th, William Brennan purchased 10,750 shares of Altus Group stock. The shares were acquired at an average cost 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 shares were acquired at an average cost 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 shares were acquired at an average cost of C$41.23 per share, with a total value of C$43,951.18.
- On Friday, May 15th, William Brennan purchased 33,544 shares of Altus Group stock. The shares were acquired at an average cost of C$41.33 per share, with a total value of C$1,386,373.52.
Altus Group Trading Down 0.1%
Shares of Altus Group stock opened at C$42.82 on Thursday. The business has a fifty day simple moving average of C$46.23 and a two-hundred day simple moving average of C$49.17. Altus Group Limited has a 1 year low of C$36.97 and a 1 year high of C$63.07. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -2,141.00, a P/E/G ratio of 0.96 and a beta of 0.64. 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 (TSE:AIF - Get Free Report) last announced 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 return on equity of 2.76% and a negative net margin of 3.42%.The business had revenue of C$108.24 million during the quarter. Research analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have issued reports on AIF shares. Royal Bank Of Canada cut their price target on Altus Group from C$56.00 to C$50.00 and set a "sector perform" rating on the stock in a report on Friday, February 20th. BMO Capital Markets increased their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. TD Securities lowered their price target on Altus Group from C$67.00 to C$55.00 and set a "buy" rating for the company in a research report on Wednesday, February 25th. Finally, ATB Cormark Capital Markets increased their price target on 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. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Altus Group presently has an average rating of "Hold" and an average target price of C$56.50.
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About Altus Group
(
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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.
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