Comstock Holding Companies (NASDAQ:CHCI) Lowered to Buy Rating by Wall Street Zen

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Friday.

Comstock Holding Companies Price Performance

NASDAQ CHCI traded up $0.24 during trading hours on Friday, hitting $10.07. The company's stock had a trading volume of 15,690 shares, compared to its average volume of 23,421. Comstock Holding Companies has a 12 month low of $5.90 and a 12 month high of $14.48. The company's 50 day simple moving average is $9.84 and its two-hundred day simple moving average is $8.70. The company has a market cap of $101.16 million, a P/E ratio of 17.07 and a beta of 0.14.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The construction company reported $0.15 EPS for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The company had revenue of $12.64 million during the quarter.

Insider Buying and Selling

In other Comstock Holding Companies news, COO Timothy Steffan sold 4,425 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00. Following the completion of the sale, the chief operating officer now directly owns 105,540 shares in the company, valued at $1,055,400. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 5,970 shares of company stock worth $59,700. 36.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comstock Holding Companies

A number of large investors have recently made changes to their positions in CHCI. Geode Capital Management LLC grew its stake in shares of Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock valued at $1,395,000 after purchasing an additional 4,433 shares during the period. Renaissance Technologies LLC grew its stake in shares of Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock valued at $1,224,000 after purchasing an additional 2,100 shares during the period. Barclays PLC bought a new stake in shares of Comstock Holding Companies during the 4th quarter valued at about $40,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Comstock Holding Companies by 5.9% during 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 period. 6.45% of the stock is currently owned by institutional investors.

About Comstock Holding Companies

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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