Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) crossed 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 changing hands.
Analysts Set New Price Targets
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.
Read Our Latest Analysis on Comstock Holding Companies
Comstock Holding Companies Price Performance
The firm's 50-day moving average is $11.31 and its 200-day moving average is $9.69. The company has a market capitalization of $147.89 million, a P/E ratio of 9.75 and a beta of 0.07.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $0.14 earnings per share (EPS) for the quarter. The company 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%.
Insider Buying and Selling
In other Comstock Holding Companies news, COO Timothy Steffan sold 4,425 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.00, for a total value of $44,250.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David M. Guernsey sold 6,660 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.01, for a total transaction of $66,666.60. Following the completion of the transaction, the director owned 49,867 shares of the company's stock, valued at approximately $499,168.67. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock valued at $200,067. Company insiders own 36.18% of the company's stock.
Hedge Funds Weigh In On Comstock Holding Companies
A number of hedge funds have recently modified their holdings of CHCI. Barclays PLC purchased a new position in shares of Comstock Holding Companies in the fourth quarter worth $40,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 buying an additional 1,888 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Comstock Holding Companies in the second quarter worth $1,146,000. Renaissance Technologies LLC lifted its holdings in shares of Comstock Holding Companies by 1.4% in 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. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 worth $1,625,000 after buying an additional 1,952 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors.
Comstock Holding Companies Company Profile
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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.
Further Reading
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