Comstock Holding Companies (NASDAQ:CHCI) Rating Increased to Strong-Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Comstock Holding Companies (NASDAQ:CHCI – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Comstock Holding Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Analysis on CHCI

Comstock Holding Companies Stock Down 4.5%

Comstock Holding Companies stock opened at $20.07 on Friday. The company has a market capitalization of $206.32 million, a PE ratio of 8.50 and a beta of -0.36. Comstock Holding Companies has a 12-month low of $10.14 and a 12-month high of $22.07. The firm’s fifty day moving average is $17.15 and its 200 day moving average is $16.21.

Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The construction company reported $0.84 EPS for the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 35.60%. The business had revenue of $22.58 million during the quarter.

Institutional Trading of Comstock Holding Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of CHCI. Geode Capital Management LLC raised its holdings in Comstock Holding Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock worth $1,625,000 after buying an additional 1,952 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Comstock Holding Companies by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after acquiring an additional 2,704 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Comstock Holding Companies during the third quarter worth about $248,000. Susquehanna International Group LLP acquired a new stake in shares of Comstock Holding Companies in the 3rd quarter worth about $244,000. Finally, NewEdge Advisors LLC raised its holdings 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 acquiring an additional 11,814 shares during the last quarter. Institutional investors own 6.45% of the company’s stock.

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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