Key Points
- COO Timothy Steffan sold 9,740 shares on March 23 at an average price of $15.61 for proceeds of $152,041.40, reducing his stake by 7.76% to 115,767 shares valued at about $1.81 million.
- NASDAQ:CHCI opened at $16.48, trades in a 52-week range of $8.13–$18.99, has a market cap of $166.28 million and a P/E of 10.17, with 50‑ and 200‑day SMAs at $12.03 and $13.25 respectively.
- Weiss Ratings downgraded the stock from a buy to a hold and the consensus rating is "Hold"; institutional ownership is low (6.45%) though several funds recently added or increased positions.
Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) COO Timothy Steffan sold 9,740 shares of the firm's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $15.61, for a total value of $152,041.40. Following the completion of the transaction, the chief operating officer owned 115,767 shares of the company's stock, valued at $1,807,122.87. The trade was a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Comstock Holding Companies Stock Performance
NASDAQ:CHCI opened at $16.48 on Thursday. Comstock Holding Companies, Inc. has a 52-week low of $8.13 and a 52-week high of $18.99. The company has a market cap of $166.28 million, a P/E ratio of 10.17 and a beta of -0.09. The stock's 50-day simple moving average is $12.03 and its 200 day simple moving average is $13.25.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The construction company reported $1.28 EPS for the quarter. The firm had revenue of $23.93 million during the quarter. Comstock Holding Companies had a return on equity of 28.97% and a net margin of 27.12%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded Comstock Holding Companies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Comstock Holding Companies presently has a consensus rating of "Hold".
Get Our Latest Stock Report on CHCI
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in shares of Comstock Holding Companies by 23.5% in the 4th quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company's stock valued at $176,000 after purchasing an additional 2,882 shares during the period. Quadrature Capital Ltd bought a new position in Comstock Holding Companies during the fourth quarter worth about $144,000. 683 Capital Management LLC acquired a new position in Comstock Holding Companies during the fourth quarter worth approximately $397,000. Saber Capital Managment LLC acquired a new position in Comstock Holding Companies during the fourth quarter worth approximately $802,000. Finally, Barclays PLC raised its stake in Comstock Holding Companies by 437.7% in the fourth quarter. Barclays PLC now owns 3,839 shares of the construction company's stock valued at $45,000 after buying an additional 3,125 shares during the period. 6.45% of the stock is currently owned by institutional investors and hedge funds.
About Comstock Holding Companies
(
Get Free Report)
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.
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