Comstock Holding Companies (NASDAQ:CHCI) Share Price Passes Above 200-Day Moving Average Following Insider Selling

Key Points

• Comstock Holding Companies (NASDAQ:CHCI) shares have crossed above their 200-day moving average of $9.86, reaching a high of $15.17 amid recent insider buying.
• Wall Street Zen downgraded Comstock Holding Companies from a "strong-buy" to a "buy" rating, indicating a potential change in investor sentiment.
• The company reported a quarterly EPS of $0.14 and generated $12.97 million in revenue, reflecting strong financial performance with a return on equity of 30.98% and a net margin of 28.35%.

Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) passed above its two hundred day moving average during trading on Friday following insider buying activity. The stock has a two hundred day moving average of $9.86 and traded as high as $15.17. Comstock Holding Companies shares last traded at $14.85, with a volume of 4,466 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th.

Comstock Holding Companies Stock Performance

The company has a market capitalization of $154.32 million, a price-to-earnings ratio of 10.15 and a beta of 0.07. The firm has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $9.96.

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

Hedge Funds Weigh In On Comstock Holding Companies

Several institutional investors have recently modified their holdings of CHCI. Dimensional Fund Advisors LP grew 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 purchasing an additional 1,888 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Comstock Holding Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company's stock valued at $1,625,000 after buying an additional 1,952 shares during the period. Renaissance Technologies LLC grew its position 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 worth $1,224,000 after buying an additional 2,100 shares in the last quarter. Corsair Capital Management L.P. increased its stake in shares of Comstock Holding Companies by 6.4% during the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock worth $516,000 after buying an additional 3,085 shares during the period. Finally, Barclays PLC acquired a new stake in Comstock Holding Companies in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 6.45% of the company's stock.

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.