Comstock Holding Companies (NASDAQ:CHCI) Stock Rating Upgraded by Wall Street Zen

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

Comstock Holding Companies Trading Up 1.4%

Shares of CHCI stock traded up $0.14 during trading hours on Friday, reaching $10.14. 14,597 shares of the company's stock were exchanged, compared to its average volume of 23,282. Comstock Holding Companies has a 1 year low of $6.15 and a 1 year high of $14.48. The stock has a market cap of $101.91 million, a PE ratio of 6.95 and a beta of 0.06. The stock's fifty day moving average price is $10.12 and its two-hundred day moving average price is $8.79.

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

Insider Buying and Selling

In other news, Director David M. Guernsey sold 3,340 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.00, for a total value of $33,400.00. Following the sale, the director now owns 46,527 shares in the company, valued at $465,270. This represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy Steffan sold 4,425 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $200,067 in the last 90 days. Insiders own 36.18% of the company's stock.

Institutional Investors Weigh In On Comstock Holding Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock worth $1,395,000 after buying an additional 4,433 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock valued at $1,224,000 after acquiring an additional 2,100 shares during the period. Dimensional Fund Advisors LP boosted its position 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 worth $272,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Barclays PLC acquired a new stake in shares of Comstock Holding Companies during the 4th quarter worth approximately $40,000. 6.45% of the stock is owned by institutional investors and hedge funds.

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.