Timothy Steffan Sells 13,026 Shares of Comstock Holding Companies (NASDAQ:CHCI) Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 13,026 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.23, for a total transaction of $185,359.98. Following the completion of the transaction, the chief operating officer directly owned 122,741 shares in the company, valued at $1,746,604.43. This trade represents a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Timothy Steffan also recently made the following trade(s):

• On Monday, March 23rd, Timothy Steffan sold 9,740 shares of Comstock Holding Companies stock. The shares were sold at an average price of $15.61, for a total transaction of $152,041.40.

Comstock Holding Companies Trading Up 7.4%

Shares of NASDAQ CHCI opened at $14.86 on Friday. The firm has a market capitalization of $151.72 million, a PE ratio of 8.95 and a beta of -0.43. Comstock Holding Companies, Inc. has a 1 year low of $9.00 and a 1 year high of $19.72. The firm’s 50-day moving average is $16.88 and its 200-day moving average is $13.94.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. 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 report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Comstock Holding Companies

Hedge funds have recently modified their holdings of the company. Barclays PLC raised its position in shares of Comstock Holding Companies by 437.7% in the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock valued at $45,000 after acquiring an additional 3,125 shares during the period. Sfmg LLC acquired a new stake in Comstock Holding Companies during the 4th quarter worth approximately $116,000. NewEdge Advisors LLC raised its holdings in Comstock Holding Companies by 2,573.9% during 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 during the period. Quadrature Capital Ltd acquired a new stake in Comstock Holding Companies during the 4th quarter worth approximately $144,000. Finally, Mink Brook Asset Management LLC acquired a new stake in Comstock Holding Companies during the 4th quarter worth approximately $190,000. 6.45% of the stock is currently owned by institutional investors and hedge funds.

About Comstock Holding Companies

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.