Comstock Holding Companies (NASDAQ:CHCI) Upgraded at Wall Street Zen

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

Comstock Holding Companies Stock Down 1.3%

Shares of NASDAQ:CHCI opened at $10.00 on Friday. Comstock Holding Companies has a 52-week low of $6.15 and a 52-week high of $14.48. The company has a 50 day moving average of $10.12 and a two-hundred day moving average of $8.79. The company has a market capitalization of $100.50 million, a price-to-earnings ratio of 6.85 and a beta of 0.06.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings data on Monday, May 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 28.59% and a return on equity of 32.61%. The company had revenue of $12.64 million during the quarter.

Insider Buying and Selling at Comstock Holding Companies

In other news, COO Timothy Steffan sold 4,425 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.00, for a total transaction of $44,250.00. Following the completion of the sale, the chief operating officer now owns 105,540 shares of the company’s stock, valued at approximately $1,055,400. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Guernsey sold 3,340 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $10.00, for a total value of $33,400.00. Following the sale, the director now owns 46,527 shares in the company, valued at $465,270. The trade was a 6.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $200,067 over the last 90 days. 36.18% of the stock is owned by corporate insiders.

Institutional Trading of Comstock Holding Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after buying an additional 1,888 shares in the last quarter. Barclays PLC bought a new position in Comstock Holding Companies during the fourth quarter worth $40,000. Renaissance Technologies LLC lifted its stake in Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Comstock Holding Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after purchasing an additional 4,433 shares during the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.