David Hirsh Buys 600 Shares of Comstock Holding Companies (NASDAQ:CHCI) Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David Hirsh bought 600 shares of Comstock Holding Companies stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average price of $18.66 per share, with a total value of $11,196.00. Following the completion of the purchase, the director owned 600 shares in the company, valued at $11,196. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Comstock Holding Companies Stock Performance

CHCI stock opened at $20.05 on Friday. The stock’s 50 day simple moving average is $16.13 and its 200 day simple moving average is $15.57. Comstock Holding Companies, Inc. has a fifty-two week low of $10.14 and a fifty-two week high of $20.40. The company has a market cap of $206.15 million, a P/E ratio of 8.50 and a beta of -0.41.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Wednesday, June 24th. Wall Street Zen downgraded Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Comstock Holding Companies

Several large investors have recently bought and sold shares of CHCI. State Street Corp grew its stake in shares of Comstock Holding Companies by 6.4% in 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. Geode Capital Management LLC boosted 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 purchasing an additional 1,952 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 2,704 shares during the last quarter. NewEdge Advisors LLC grew its position in Comstock Holding Companies by 23.5% in the 4th quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company’s stock worth $176,000 after purchasing an additional 2,882 shares in the last quarter. Finally, Barclays PLC grew its position in Comstock Holding Companies by 437.7% in the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after purchasing an additional 3,125 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors.

Comstock Holding Companies Company Profile

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.