Comstock Holding Companies (NASDAQ:CHCI) Stock Rating Upgraded by Wall Street Zen

Comstock Holding Companies (NASDAQ:CHCI) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Comstock Holding Companies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Comstock Holding Companies Trading Up 3.5%

NASDAQ CHCI opened at $13.72 on Friday. Comstock Holding Companies has a 1-year low of $6.31 and a 1-year high of $18.99. The firm’s fifty day simple moving average is $15.55 and its 200-day simple moving average is $12.33. The company has a market capitalization of $138.16 million, a PE ratio of 9.09 and a beta of 0.13.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Thursday, August 7th. The construction company reported $0.14 EPS for the quarter. Comstock Holding Companies had a return on equity of 30.98% and a net margin of 28.35%.The firm had revenue of $12.97 million for the quarter.

Insider Buying and Selling

In related news, COO Timothy Steffan sold 4,611 shares of Comstock Holding Companies stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $14.79, for a total value of $68,196.69. Following the transaction, the chief operating officer owned 96,899 shares in the company, valued at $1,433,136.21. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher Michael Guthrie sold 4,367 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $14.82, for a total transaction of $64,718.94. Following the transaction, the chief financial officer directly owned 119,545 shares of the company’s stock, valued at approximately $1,771,656.90. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,947 shares of company stock worth $345,893 in the last quarter. 36.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CHCI. Geode Capital Management LLC increased its position 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 acquiring an additional 1,952 shares during the period. Truffle Hound Capital LLC bought a new position in shares of Comstock Holding Companies during the 2nd quarter worth about $1,146,000. Finally, Corsair Capital Management L.P. increased its holdings in shares of Comstock Holding Companies by 6.4% during the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock worth $516,000 after purchasing an additional 3,085 shares during the period. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.