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

Key Points

• Wall Street Zen upgraded Comstock Holding Companies from “hold” to “strong-buy,” although Weiss Ratings maintained a “hold (C+)” rating and the broader analyst consensus remains “Hold.”
• CHCI reported quarterly EPS of $0.84 on $22.58 million in revenue, with a 32.16% net margin and 37.64% return on equity. Shares recently opened at $17.03, versus a 52-week range of $10.14 to $19.72.
• COO Timothy Steffan sold 13,026 shares for approximately $185,360, while company insiders retain a 35.03% ownership stake; institutional investors and hedge funds own 6.45%.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Comstock Holding Companies in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Comstock Holding Companies Stock Performance

NASDAQ:CHCI opened at $17.03 on Friday. Comstock Holding Companies has a fifty-two week low of $10.14 and a fifty-two week high of $19.72. The stock has a market capitalization of $173.88 million, a P/E ratio of 7.22 and a beta of -0.41. The company's 50-day simple moving average is $15.41 and its 200-day simple moving average is $15.03.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The construction company reported $0.84 earnings per share (EPS) for the quarter. The firm had revenue of $22.58 million for the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 37.64%.

Insider Buying and Selling

In other Comstock Holding Companies news, COO Timothy Steffan sold 13,026 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $14.23, for a total value of $185,359.98. Following the completion of the sale, the chief operating officer directly owned 122,741 shares in the company, valued at approximately $1,746,604.43. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 35.03% of the company's stock.

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Comstock Holding Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company's stock valued at $1,625,000 after purchasing an additional 1,952 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Comstock Holding Companies by 7.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company's stock valued at $543,000 after purchasing an additional 2,704 shares in the last quarter. Citadel Advisors LLC acquired a new position in Comstock Holding Companies during the 3rd quarter valued at approximately $248,000. Susquehanna International Group LLP acquired a new position in Comstock Holding Companies during the 3rd quarter valued at approximately $244,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Comstock Holding Companies by 2,573.9% in the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company's stock worth $172,000 after buying an additional 11,814 shares during the last quarter. Institutional investors and hedge funds own 6.45% of the company's stock.

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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