Comstock Holding Companies (NASDAQ:CHCI) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Comstock Holding Companies to a "buy" rating, though Weiss Ratings reaffirmed a "hold (c+)" and the MarketBeat consensus remains a Hold, indicating mixed analyst views.
• The company is profitable with a market cap of ~$162.4M, a PE of 9.82, quarterly EPS of $1.28, a net margin of 27.12% and ROE of 28.97%, and the stock trades between a 1‑year low of $9.00 and high of $19.72.
• Insiders hold a large stake (36.18%) but the COO sold 9,740 shares (a 7.76% cut to his position), while institutional ownership is relatively low at 6.45% despite several recent new or increased positions.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "buy" rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Comstock Holding Companies in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Comstock Holding Companies currently has a consensus rating of "Hold".

Comstock Holding Companies Stock Performance

CHCI opened at $15.91 on Friday. The company has a market cap of $162.44 million, a PE ratio of 9.82 and a beta of -0.43. Comstock Holding Companies has a 1 year low of $9.00 and a 1 year high of $19.72. The firm has a 50 day moving average price of $15.52 and a 200 day moving average price of $13.72.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its quarterly earnings results on Tuesday, March 17th. The construction company reported $1.28 earnings per share for the quarter. The firm had revenue of $23.93 million during the quarter. Comstock Holding Companies had a return on equity of 28.97% and a net margin of 27.12%.

Insider Buying and Selling

In other Comstock Holding Companies news, COO Timothy Steffan sold 9,740 shares of the firm's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $15.61, for a total transaction of $152,041.40. Following the completion of the sale, the chief operating officer directly owned 115,767 shares in the company, valued at approximately $1,807,122.87. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 36.18% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in Comstock Holding Companies by 23.5% during the fourth quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company's stock worth $176,000 after acquiring an additional 2,882 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Comstock Holding Companies during the fourth quarter valued at approximately $144,000. 683 Capital Management LLC acquired a new stake in Comstock Holding Companies in the 4th quarter valued at $397,000. Saber Capital Managment LLC acquired a new stake in Comstock Holding Companies in the 4th quarter valued at $802,000. Finally, Barclays PLC boosted its stake in Comstock Holding Companies by 437.7% in the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company's stock valued at $45,000 after buying an additional 3,125 shares in the last quarter. 6.45% of the stock is owned by institutional investors.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc NASDAQ: CHCI is a diversified holding company that, through its primary operating subsidiary, focuses on the design, construction and operation of fiber optic network systems in the United States. The company delivers high-capacity connectivity solutions to broadband service providers, including dark fiber leasing, wavelength services, transport and last-mile connectivity. By partnering with carriers, cable operators and municipal entities, Comstock leverages its network infrastructure to support residential, commercial and institutional customers requiring scalable, reliable bandwidth.

Following the divestiture of its homebuilding division in 2013, Comstock has concentrated its capital and resources on expanding its fiber network footprint into select regional markets.

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