Comstock Holding Companies (NASDAQ:CHCI) Upgraded by Wall Street Zen to Strong-Buy Rating

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

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

Comstock Holding Companies Price Performance

Shares of Comstock Holding Companies stock opened at $17.03 on Friday. The stock has a market cap of $173.88 million, a PE ratio of 7.22 and a beta of -0.41. The firm has a fifty day moving average price of $15.41 and a 200 day moving average price of $15.03. Comstock Holding Companies has a 1 year low of $10.14 and a 1 year high of $19.72.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings results on Thursday, August 13th. The construction company reported $0.84 EPS for the quarter. The company had revenue of $22.58 million for the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 37.64%.

Insider Buying and Selling at Comstock Holding Companies

In other news, COO Timothy Steffan sold 13,026 shares of Comstock Holding Companies stock in a transaction that occurred on Thursday, May 21st. The shares were 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 directly owned 122,741 shares of the company’s stock, valued at $1,746,604.43. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 35.03% of the stock is currently owned by company insiders.

Institutional Trading of Comstock Holding Companies

A number of hedge funds have recently added to or reduced their stakes in CHCI. Corsair Capital Management L.P. grew its position in Comstock Holding Companies by 8.4% during the first quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock valued at $933,000 after buying an additional 3,800 shares during the period. Renaissance Technologies LLC increased its holdings in Comstock Holding Companies by 1.8% in the first quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock valued at $3,418,000 after buying an additional 3,213 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $964,000 after acquiring an additional 3,704 shares during the period. NewEdge Advisors LLC raised its position in shares of Comstock Holding Companies by 23.5% in the fourth quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company’s stock worth $176,000 after acquiring an additional 2,882 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Comstock Holding Companies during the 4th quarter worth about $144,000. 6.45% of the stock is owned by hedge funds and other 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.