Comstock Holding Companies (NASDAQ:CHCI) Downgraded by Wall Street Zen to "Buy"

Wall Street Zen cut shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday.

Comstock Holding Companies Stock Performance

CHCI stock traded down $0.06 during mid-day trading on Friday, hitting $11.45. 10,961 shares of the company were exchanged, compared to its average volume of 24,036. Comstock Holding Companies has a 1-year low of $6.15 and a 1-year high of $14.48. The firm's 50 day simple moving average is $10.18 and its 200 day simple moving average is $8.96. The firm has a market cap of $115.07 million, a P/E ratio of 7.84 and a beta of 0.06.

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

Insider Activity

In other news, Director David M. Guernsey sold 6,660 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 49,867 shares of the company's stock, valued at $499,168.67. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy Steffan sold 4,425 shares of Comstock Holding Companies stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 105,540 shares in the company, valued at $1,055,400. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $200,067 over the last ninety days. 36.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CHCI. Dimensional Fund Advisors LP lifted its position 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 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 acquiring an additional 2,100 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 4,433 shares in the last quarter. Finally, Barclays PLC acquired a new position in Comstock Holding Companies during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 6.45% of the company's stock.

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.