Comstock Holding Companies (NASDAQ:CHCI) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Comstock Holding Companies from “buy” to “strong-buy,” while Weiss Ratings separately raised its rating from “hold (c+)” to “buy (b-).” The stock has a consensus “Buy” rating.
• CHCI opened at $20.07 after a reported 4.5% decline, with a market capitalization of approximately $206.3 million. Its shares have traded between $10.14 and $22.07 over the past year.
• Comstock reported quarterly earnings of $0.84 per share on $22.58 million in revenue, alongside a 32.16% net margin and 35.60% return on equity; institutional investors own 6.45% of the stock.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Comstock Holding Companies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Comstock Holding Companies Stock Down 4.5%

CHCI opened at $20.07 on Friday. The stock has a market cap of $206.32 million, a price-to-earnings ratio of 8.50 and a beta of -0.36. Comstock Holding Companies has a twelve month low of $10.14 and a twelve month high of $22.07. The company's 50-day moving average price is $17.15 and its two-hundred day moving average price is $16.21.

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

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Comstock Holding Companies by 437.7% in the fourth 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. Integrated Wealth Concepts LLC purchased a new stake in shares of Comstock Holding Companies during the 2nd quarter valued at approximately $45,000. Sfmg LLC purchased a new stake in shares of Comstock Holding Companies during the 4th quarter valued at approximately $116,000. Quadrature Capital Ltd purchased a new stake in shares of Comstock Holding Companies during the 4th quarter valued at approximately $144,000. Finally, NewEdge Advisors LLC boosted 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 buying an additional 11,814 shares during the period. 6.45% of the stock is owned by hedge funds and other 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.

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