James A. Maccutcheon Sells 3,630 Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) Stock

Key Points

• Director James A. Maccutcheon sold 3,630 shares of Comstock Holding Companies stock at an average price of $15.09, reducing his ownership by 2.47%.
• The company reported $0.14 earnings per share for the last quarter, alongside a return on equity of 30.98% and a net margin of 28.35%.
• Institutional investors currently own 6.45% of Comstock's stock, with several firms modifying their holdings in the company recently.

Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director James A. Maccutcheon sold 3,630 shares of Comstock Holding Companies stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $15.09, for a total transaction of $54,776.70. Following the transaction, the director directly owned 143,416 shares of the company's stock, valued at approximately $2,164,147.44. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Comstock Holding Companies Price Performance

CHCI stock traded up $0.35 during midday trading on Wednesday, reaching $15.10. 31,802 shares of the company were exchanged, compared to its average volume of 18,348. The business has a 50-day moving average price of $11.52 and a two-hundred day moving average price of $9.77. Comstock Holding Companies, Inc. has a one year low of $6.31 and a one year high of $15.25. The firm has a market capitalization of $151.76 million, a price-to-earnings ratio of 10.00 and a beta of 0.07.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $0.14 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 30.98% and a net margin of 28.35%. The company had revenue of $12.97 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.

Institutional Investors Weigh In On Comstock Holding Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new position in Comstock Holding Companies in the fourth quarter valued at about $40,000. Dimensional Fund Advisors LP raised its stake in 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 valued at $272,000 after purchasing an additional 1,888 shares in the last quarter. Renaissance Technologies LLC raised its stake in Comstock Holding Companies by 1.4% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its stake in Comstock Holding Companies by 2.6% in the fourth 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 in the last quarter. Finally, Corsair Capital Management L.P. raised its stake in Comstock Holding Companies by 6.4% in the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock valued at $516,000 after purchasing an additional 3,085 shares in 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 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.

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