Comstock Holding Companies (NASDAQ:CHCI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Comstock Holding Companies, Inc. (NASDAQ:CHCIGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.85 and traded as high as $15.84. Comstock Holding Companies shares last traded at $15.46, with a volume of 10,310 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on CHCI shares. Wall Street Zen downgraded Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on CHCI

Comstock Holding Companies Stock Performance

The firm’s fifty day simple moving average is $15.41 and its 200 day simple moving average is $14.88. The firm has a market cap of $152.64 million, a P/E ratio of 9.01 and a beta of -0.41.

Comstock Holding Companies (NASDAQ:CHCIGet Free Report) last issued its earnings results on Thursday, May 14th. The construction company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $17.45 million for the quarter. Comstock Holding Companies had a return on equity of 27.54% and a net margin of 25.79%.

Insiders Place Their Bets

In other Comstock Holding Companies news, COO Timothy Steffan sold 13,026 shares of Comstock Holding Companies stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total value of $185,359.98. Following the sale, the chief operating officer owned 122,741 shares of the company’s stock, valued at $1,746,604.43. The trade was a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 35.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its position in Comstock Holding Companies by 437.7% in the fourth quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after purchasing an additional 3,125 shares during the last quarter. Sfmg LLC bought a new position in Comstock Holding Companies during the fourth quarter valued at $116,000. NewEdge Advisors LLC grew its stake in shares of Comstock Holding Companies by 2,573.9% in the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after buying an additional 11,814 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Comstock Holding Companies in the 4th quarter worth $144,000. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Comstock Holding Companies in the 4th quarter worth about $190,000. 6.45% of the stock is owned by hedge funds and other institutional investors.

About Comstock Holding Companies

(Get Free Report)

Comstock Holding Companies, Inc (NASDAQ: CHCI) is a diversified holding company that, through its primary operating subsidiary, focuses on the design, construction and operation of fiber optic network systems in the United States. The company delivers high-capacity connectivity solutions to broadband service providers, including dark fiber leasing, wavelength services, transport and last-mile connectivity. By partnering with carriers, cable operators and municipal entities, Comstock leverages its network infrastructure to support residential, commercial and institutional customers requiring scalable, reliable bandwidth.

Following the divestiture of its homebuilding division in 2013, Comstock has concentrated its capital and resources on expanding its fiber network footprint into select regional markets.

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