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

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

Comstock Holding Companies Stock Performance

Shares of NASDAQ:CHCI traded up $0.16 during trading on Friday, reaching $10.13. 9,420 shares of the stock were exchanged, compared to its average volume of 23,346. The firm's 50-day moving average price is $10.11 and its 200 day moving average price is $8.79. The firm has a market cap of $101.77 million, a price-to-earnings ratio of 6.94 and a beta of 0.06. Comstock Holding Companies has a 12-month low of $6.15 and a 12-month high of $14.48.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share for the quarter. Comstock Holding Companies had a net margin of 28.59% and a return on equity of 32.61%. The firm had revenue of $12.64 million for the quarter.

Insider Activity at Comstock Holding Companies

In related news, COO Timothy Steffan sold 4,425 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were 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 of the company's stock, valued at approximately $1,055,400. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David M. Guernsey sold 6,660 shares of Comstock Holding Companies stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.01, for a total transaction of $66,666.60. Following the sale, the director now directly owns 49,867 shares in the company, valued at $499,168.67. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,000 shares of company stock worth $200,067. Corporate insiders own 36.18% of the company's stock.

Hedge Funds Weigh In On Comstock Holding Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in 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 in the last quarter. Renaissance Technologies LLC boosted 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 buying an additional 2,100 shares during the last quarter. Barclays PLC acquired a new stake in shares of Comstock Holding Companies during the fourth quarter worth approximately $40,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Comstock Holding Companies by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company's stock worth $272,000 after buying an additional 1,888 shares during the last quarter. 6.45% of the stock is owned by hedge funds and other institutional investors.

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.