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

Key Points

• Comstock Holding Companies' stock rating was upgraded from "buy" to "strong-buy" by Wall Street Zen, indicating increased investor confidence.
• The company reported a quarterly earnings of $0.14 EPS with revenue of $12.97 million, reflecting strong financial performance.
• Insider activity saw significant sales, with COO Timothy Steffan and Director James A. Maccutcheon selling a combined total of shares worth approximately $88,231.

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

Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Comstock Holding Companies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $13.72 on Friday. The firm has a market capitalization of $138.16 million, a PE ratio of 9.09 and a beta of 0.13. The business has a 50-day moving average of $15.55 and a two-hundred day moving average of $12.28. Comstock Holding Companies has a 12 month low of $6.31 and a 12 month high of $18.99.

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

Insider Activity

In related news, COO Timothy Steffan sold 3,430 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $15.66, for a total value of $53,713.80. Following the completion of the transaction, the chief operating officer owned 92,564 shares of the company's stock, valued at approximately $1,449,552.24. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James A. Maccutcheon sold 2,292 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $15.06, for a total value of $34,517.52. Following the completion of the transaction, the director directly owned 141,124 shares of the company's stock, valued at $2,125,327.44. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,947 shares of company stock worth $345,893. 36.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Comstock Holding Companies by 1.2% in the second 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. Corsair Capital Management L.P. boosted its holdings in Comstock Holding Companies by 6.4% in the second 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. Finally, Truffle Hound Capital LLC purchased a new position in Comstock Holding Companies in the second quarter valued at about $1,146,000. Hedge funds and other institutional investors own 6.45% of the company's stock.

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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