Comstock Holding Companies (NASDAQ:CHCI) Raised to Strong-Buy at Wall Street Zen

Comstock Holding Companies (NASDAQ:CHCI) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Comstock Holding Companies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $20.07 on Friday. The business’s 50 day simple moving average is $17.15 and its 200-day simple moving average is $16.24. The firm has a market capitalization of $206.32 million, a price-to-earnings ratio of 8.50 and a beta of -0.36. Comstock Holding Companies has a 12 month low of $10.14 and a 12 month high of $22.07.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings data on Thursday, August 13th. The construction company reported $0.84 earnings per share for the quarter. The firm had revenue of $22.58 million during the quarter. Comstock Holding Companies had a return on equity of 35.60% and a net margin of 32.16%.

Institutional Trading of Comstock Holding Companies

Several large investors have recently modified their holdings of CHCI. Barclays PLC increased its stake in shares of Comstock Holding Companies by 437.7% during the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after purchasing an additional 3,125 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Comstock Holding Companies in the 2nd quarter valued at approximately $45,000. Sfmg LLC purchased a new stake in Comstock Holding Companies in the 4th quarter valued at approximately $116,000. Quadrature Capital Ltd acquired a new stake in Comstock Holding Companies during the 4th quarter valued at $144,000. Finally, NewEdge Advisors LLC grew its holdings in Comstock Holding Companies by 2,573.9% during the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after buying an additional 11,814 shares during the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.