Comstock Holding Companies (NASDAQ:CHCI) Announces Earnings Results

Comstock Holding Companies (NASDAQ:CHCI) posted its earnings results on Thursday. The construction company reported $0.84 earnings per share (EPS) for the quarter, FiscalAI reports. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 37.64%. The firm had revenue of $22.58 million during the quarter.

Comstock Holding Companies Stock Performance

NASDAQ:CHCI traded up $0.15 during trading hours on Friday, reaching $17.03. The stock had a trading volume of 24,748 shares, compared to its average volume of 30,043. The stock has a market cap of $173.88 million, a P/E ratio of 7.22 and a beta of -0.41. The stock has a 50 day simple moving average of $15.41 and a 200 day simple moving average of $15.03. Comstock Holding Companies has a 12-month low of $10.14 and a 12-month high of $19.72.

Insider Activity at Comstock Holding Companies

In other news, COO Timothy Steffan sold 13,026 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total transaction of $185,359.98. Following the completion of the transaction, the chief operating officer owned 122,741 shares in the company, valued at approximately $1,746,604.43. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 35.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comstock Holding Companies

Institutional investors have recently added to or reduced their stakes in the business. Truffle Hound Capital LLC lifted its stake in shares of Comstock Holding Companies by 33.9% during the 4th quarter. Truffle Hound Capital LLC now owns 350,000 shares of the construction company’s stock valued at $4,067,000 after buying an additional 88,708 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Comstock Holding Companies by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock valued at $3,418,000 after acquiring an additional 3,213 shares during the period. Geode Capital Management LLC lifted its position 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 acquiring an additional 1,952 shares in the last quarter. Saber Capital Managment LLC bought a new position in shares of Comstock Holding Companies in the fourth quarter worth $802,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Comstock Holding Companies by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company’s stock valued at $964,000 after purchasing an additional 3,704 shares in the last quarter. 6.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHCI has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Wednesday, June 24th. Wall Street Zen raised Comstock Holding Companies from a “hold” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.