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

Key Points

• Comstock Holding Companies (NASDAQ:CHCI) shares have risen above their 200-day moving average, with current trading around $12.33, after reaching a high of $12.58.
• The company experienced a downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen on July 5th.
• Insider transactions reported include COO Timothy Steffan selling 4,425 shares and Director David M. Guernsey selling 6,660 shares, with both experiencing notable decreases in their ownership stakes.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.40 and traded as high as $12.58. Comstock Holding Companies shares last traded at $12.33, with a volume of 7,198 shares traded.

Wall Street Analyst Weigh In

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

Comstock Holding Companies Stock Up 0.2%

The firm has a market capitalization of $125.12 million, a PE ratio of 8.53 and a beta of 0.07. The firm's 50 day moving average price is $10.78 and its two-hundred day moving average price is $9.43.

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

Insider Buying and Selling at Comstock Holding Companies

In other Comstock Holding Companies news, COO Timothy Steffan sold 4,425 shares of the 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 transaction, the chief operating officer directly owned 105,540 shares in the company, valued at $1,055,400. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David M. Guernsey sold 6,660 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.01, for a total transaction of $66,666.60. Following the transaction, the director owned 49,867 shares in the company, valued at $499,168.67. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $200,067 over the last 90 days. Insiders own 36.18% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in shares of Comstock Holding Companies during the fourth quarter worth $40,000. 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 worth $1,395,000 after purchasing an additional 4,433 shares during the period. 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 worth $1,224,000 after purchasing an additional 2,100 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Comstock Holding Companies by 5.9% during the fourth 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 during the period. 6.45% of the stock is currently owned by 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.