Comstock Holding Companies (NASDAQ:CHCI) Rating Lowered to Buy at Wall Street Zen

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

Comstock Holding Companies Trading Up 4.6%

CHCI stock traded up $0.48 during midday trading on Friday, hitting $10.85. The stock had a trading volume of 26,064 shares, compared to its average volume of 23,913. The firm has a market cap of $108.95 million, a P/E ratio of 7.43 and a beta of 0.06. Comstock Holding Companies has a 1-year low of $6.15 and a 1-year high of $14.48. The business has a fifty day moving average price of $10.14 and a two-hundred day moving average price of $8.91.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share (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 at Comstock Holding Companies

In other news, COO Timothy Steffan sold 4,030 shares of the firm's stock in a transaction that occurred on 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 sale, the chief operating officer owned 101,510 shares of the company's stock, valued at $1,015,100. This trade represents a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David M. Guernsey sold 3,340 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.00, for a total transaction of $33,400.00. Following the sale, the director directly owned 46,527 shares of the company's stock, valued at approximately $465,270. This trade represents a 6.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $200,067. Insiders own 36.18% of the company's stock.

Hedge Funds Weigh In On Comstock Holding Companies

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Comstock Holding Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock valued at $1,395,000 after purchasing an additional 4,433 shares during the period. Renaissance Technologies LLC grew its position in Comstock Holding Companies by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company's stock valued at $1,224,000 after purchasing an additional 2,100 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Comstock Holding Companies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company's stock worth $272,000 after acquiring an additional 1,888 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of Comstock Holding Companies in the 4th quarter worth about $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.