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

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

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $18.77 on Friday. Comstock Holding Companies has a 1 year low of $10.14 and a 1 year high of $19.72. The business has a 50 day simple moving average of $15.47 and a two-hundred day simple moving average of $15.10. The firm has a market capitalization of $191.64 million, a PE ratio of 7.95 and a beta of -0.41.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Thursday, August 13th. The construction company reported $0.84 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 35.60% and a net margin of 32.16%.The firm had revenue of $22.58 million for the quarter.

Insider Buying and Selling

In other Comstock Holding Companies news, COO Timothy Steffan sold 13,026 shares of Comstock Holding Companies stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total transaction of $185,359.98. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 35.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Comstock Holding Companies

Several hedge funds have recently made changes to their positions in CHCI. Saber Capital Managment LLC purchased a new position in shares of Comstock Holding Companies during the fourth quarter valued at $802,000. State Street Corp raised its holdings in shares of Comstock Holding Companies by 6.4% in the fourth quarter. State Street Corp now owns 16,721 shares of the construction company’s stock valued at $194,000 after acquiring an additional 1,000 shares in the last quarter. Mink Brook Asset Management LLC purchased a new stake in Comstock Holding Companies in the fourth quarter worth about $190,000. NewEdge Advisors LLC lifted its stake in Comstock Holding Companies by 23.5% in the fourth quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company’s stock worth $176,000 after acquiring an additional 2,882 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Comstock Holding Companies during the 4th quarter worth about $144,000. 6.45% of the stock is currently owned by hedge funds and other institutional investors.

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.