Comstock Holding Companies (NASDAQ:CHCI) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.13 and traded as high as $10.45. Comstock Holding Companies shares last traded at $10.09, with a volume of 18,099 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Comstock Holding Companies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st.

Comstock Holding Companies Stock Performance

The firm has a market cap of $108.99 million, a price-to-earnings ratio of 7.43 and a beta of 0.06. The business's 50 day moving average price is $10.13 and its 200 day moving average price is $8.89.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $12.64 million during the quarter.

Insider Transactions at Comstock Holding Companies

In other Comstock Holding Companies news, Director David M. Guernsey sold 6,660 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.01, for a total value of $66,666.60. Following the sale, the director directly owned 49,867 shares of the company's stock, valued at approximately $499,168.67. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Timothy Steffan sold 4,425 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.00, for a total value of $44,250.00. Following the transaction, the chief operating officer directly owned 105,540 shares of the company's stock, valued at approximately $1,055,400. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $200,067 in the last ninety days. 36.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comstock Holding Companies

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