Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director Sells $34,517.52 in Stock

Key Points

• Director James A. Maccutcheon sold 2,292 shares of Comstock Holding Companies at an average price of $15.06, totaling $34,517.52, which decreased his ownership by 1.60%.
• Comstock Holding Companies reported a net margin of 28.35% and a return on equity of 30.98% in its latest quarterly earnings, with a revenue of $12.97 million.
• Analysts downgraded the stock rating from "strong-buy" to "buy", indicating a change in outlook for Comstock Holding Companies.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director James A. Maccutcheon sold 2,292 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $15.06, for a total transaction of $34,517.52. Following the transaction, the director owned 141,124 shares of the company's stock, valued at approximately $2,125,327.44. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Comstock Holding Companies Trading Down 0.7%

Shares of Comstock Holding Companies stock traded down $0.10 during trading hours on Friday, reaching $14.85. 4,466 shares of the company's stock were exchanged, compared to its average volume of 23,717. The company has a 50 day moving average of $11.71 and a two-hundred day moving average of $9.86. Comstock Holding Companies, Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $15.25. The stock has a market cap of $149.24 million, a P/E ratio of 9.83 and a beta of 0.07.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $0.14 EPS for the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%. The company had revenue of $12.97 million during the quarter.

Institutional Investors Weigh In On Comstock Holding Companies

Several hedge funds have recently bought and sold shares of the company. Corsair Capital Management L.P. lifted its stake in Comstock Holding Companies by 6.4% in the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock valued at $516,000 after purchasing an additional 3,085 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in Comstock Holding Companies in the 2nd quarter valued at about $1,146,000. Geode Capital Management LLC lifted its stake in Comstock Holding Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company's stock valued at $1,625,000 after purchasing an additional 1,952 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Comstock Holding Companies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company's stock valued at $272,000 after purchasing an additional 1,888 shares during the last quarter. Finally, Barclays PLC acquired a new stake in Comstock Holding Companies in the 4th quarter valued at about $40,000. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th.

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.

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