Weiss Ratings Reaffirms Buy (B-) Rating for Comstock Holding Companies (NASDAQ:CHCI)

Key Points

• Weiss Ratings has reiterated its "Buy (B-)" rating for Comstock Holding Companies (NASDAQ: CHCI), signaling continued confidence in the company's performance.
• In contrast, Wall Street Zen downgraded the stock from a "strong-buy" to a "buy" rating, reflecting differing analyst opinions on the company's outlook.
• Comstock Holding Companies reported an earnings per share (EPS) of $0.14 and revenue of $12.97 million for the last quarter, showcasing a strong net margin of 28.35%.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Comstock Holding Companies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Comstock Holding Companies Price Performance

CHCI stock traded up $0.31 during trading hours on Wednesday, reaching $13.98. 22,100 shares of the stock were exchanged, compared to its average volume of 29,514. The firm's 50-day moving average is $15.42 and its 200-day moving average is $12.07. The company has a market cap of $140.78 million, a price-to-earnings ratio of 9.26 and a beta of 0.13. Comstock Holding Companies has a 12 month low of $6.31 and a 12 month high of $18.99.

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

Insider Activity at Comstock Holding Companies

In related news, COO Timothy Steffan sold 3,430 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $15.66, for a total value of $53,713.80. Following the completion of the sale, the chief operating officer directly owned 92,564 shares in the company, valued at approximately $1,449,552.24. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher Michael Guthrie sold 4,367 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $14.82, for a total transaction of $64,718.94. Following the completion of the sale, the chief financial officer owned 119,545 shares of the company's stock, valued at $1,771,656.90. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,947 shares of company stock worth $345,893. Insiders own 36.18% of the company's stock.

Institutional Investors Weigh In On Comstock Holding Companies

Several hedge funds have recently bought and sold shares of the stock. Corsair Capital Management L.P. lifted its position in Comstock Holding Companies by 6.4% during the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company's stock worth $516,000 after acquiring an additional 3,085 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in Comstock Holding Companies during the second quarter worth approximately $1,146,000. Finally, Geode Capital Management LLC increased its holdings in shares of Comstock Holding Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company's stock worth $1,625,000 after purchasing an additional 1,952 shares during the period. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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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