Comstock Holding Companies (NASDAQ:CHCI) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Comstock Holding Companies' stock price rose above its 200-day moving average of $9.56, reaching a high of $13.58 during Thursday's trading.
• The company experienced a downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen on July 5th.
• Insider activity revealed that Director David M. Guernsey and COO Timothy Steffan sold shares at an average price of $10.00, indicating a decrease in their positions within the company.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.56 and traded as high as $13.58. Comstock Holding Companies shares last traded at $13.13, with a volume of 10,324 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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 Down 1.3%

The stock has a market cap of $131.91 million, a P/E ratio of 8.99 and a beta of 0.07. The firm has a 50 day moving average price of $11.05 and a 200 day moving average price of $9.56.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $0.14 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 28.59% and a return on equity of 32.61%.

Insider Activity at Comstock Holding Companies

In other news, Director David M. Guernsey sold 3,340 shares of the business's stock in a transaction dated 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 directly owned 46,527 shares in the company, valued at $465,270. The trade was a 6.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Timothy Steffan sold 4,030 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $10.00, for a total transaction of $40,300.00. Following the completion of the transaction, the chief operating officer directly owned 101,510 shares of the company's stock, valued at approximately $1,015,100. The trade was a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $200,067 over the last ninety days. Insiders own 36.18% of the company's stock.

Institutional Trading of Comstock Holding Companies

Institutional investors have recently bought and sold shares of the stock. Barclays PLC purchased a new stake in shares of Comstock Holding Companies in the fourth quarter worth approximately $40,000. Dimensional Fund Advisors LP grew its stake in Comstock Holding Companies by 5.9% in 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Comstock Holding Companies by 1.4% in the 4th 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 during the period. Finally, Geode Capital Management LLC grew its position in shares of Comstock Holding Companies by 2.6% during the 4th 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 in the last quarter. 6.45% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.