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

by · The Markets Daily

Comstock Holding Companies, Inc. (NASDAQ:CHCIGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.20 and traded as high as $17.04. Comstock Holding Companies shares last traded at $16.59, with a volume of 29,968 shares changing hands.

Analyst Upgrades and Downgrades

CHCI has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Analysis on Comstock Holding Companies

Comstock Holding Companies Stock Performance

The stock has a market capitalization of $164.28 million, a price-to-earnings ratio of 9.69 and a beta of -0.43. The stock’s 50 day moving average is $15.93 and its 200 day moving average is $14.23.

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

Insider Buying and Selling at Comstock Holding Companies

In other news, COO Timothy Steffan sold 13,026 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 122,741 shares of the company’s stock, valued at $1,746,604.43. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 35.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Comstock Holding Companies

Institutional investors have recently modified their holdings of the company. Saber Capital Managment LLC purchased a new position in shares of Comstock Holding Companies during the 4th quarter worth $802,000. Bristlecone Value Partners LLC purchased a new position in Comstock Holding Companies in the fourth quarter valued at approximately $240,000. Sfmg LLC acquired a new position in shares of Comstock Holding Companies during the 4th quarter valued at $116,000. Jane Street Group LLC acquired a new position in shares of Comstock Holding Companies during the fourth quarter worth about $198,000. Finally, State Street Corp lifted its position in Comstock Holding Companies by 6.4% during the 4th quarter. State Street Corp now owns 16,721 shares of the construction company’s stock worth $194,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

About Comstock Holding Companies

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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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