Comstock Holding Companies (NASDAQ:CHCI) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Comstock Holding Companies (NASDAQ:CHCI) from a buy rating to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Comstock Holding Companies has an average rating of “Hold”.

Comstock Holding Companies Stock Down 6.5%

Shares of CHCI stock opened at $16.30 on Friday. The stock has a market cap of $166.42 million, a PE ratio of 9.82 and a beta of -0.43. The business has a 50-day simple moving average of $16.51 and a 200-day simple moving average of $13.90. Comstock Holding Companies has a 52-week low of $9.00 and a 52-week high of $19.72.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings data on Thursday, May 14th. The construction company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $17.45 million during the quarter. Comstock Holding Companies had a return on equity of 28.82% and a net margin of 25.79%.

Insiders Place Their Bets

In related news, COO Timothy Steffan sold 9,740 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $15.61, for a total value of $152,041.40. Following the completion of the transaction, the chief operating officer owned 115,767 shares of the company’s stock, valued at approximately $1,807,122.87. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 36.18% of the company’s stock.

Hedge Funds Weigh In On Comstock Holding Companies

Large investors have recently bought and sold shares of the business. Barclays PLC raised its holdings 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 during the period. Sfmg LLC acquired a new position in Comstock Holding Companies in the 4th quarter worth about $116,000. Quadrature Capital Ltd acquired a new position in Comstock Holding Companies in the 4th quarter worth about $144,000. NewEdge Advisors LLC raised its holdings in Comstock Holding Companies by 2,573.9% in the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after purchasing an additional 11,814 shares during the period. Finally, Mink Brook Asset Management LLC acquired a new position in Comstock Holding Companies in the 4th quarter worth about $190,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.