Comstock Holding Companies (NASDAQ:CHCI) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Comstock Holding Companies (NASDAQ:CHCI) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

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

Comstock Holding Companies Trading Up 0.9%

CHCI opened at $20.05 on Friday. Comstock Holding Companies has a 12 month low of $10.14 and a 12 month high of $20.40. The business’s 50-day moving average price is $16.13 and its 200-day moving average price is $15.57. The company has a market cap of $206.11 million, a P/E ratio of 8.50 and a beta of -0.41.

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

Institutional Investors Weigh In On Comstock Holding Companies

A number of large investors have recently made changes to their positions in CHCI. Barclays PLC raised its holdings in shares of Comstock Holding Companies by 437.7% during the fourth quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock valued at $45,000 after acquiring an additional 3,125 shares in the last quarter. Sfmg LLC bought a new stake in Comstock Holding Companies in the fourth quarter valued at $116,000. Quadrature Capital Ltd purchased a new position in Comstock Holding Companies during the 4th quarter valued at $144,000. NewEdge Advisors LLC increased its position 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 purchasing an additional 11,814 shares during the period. Finally, Mink Brook Asset Management LLC purchased a new position in Comstock Holding Companies during the 4th quarter valued at $190,000. 6.45% of the stock is currently owned by institutional investors.

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.