Key Points
- Comstock Holding Companies COO Timothy Steffan sold 13,026 shares on May 21 at an average price of $14.23, totaling about $185,360. After the sale, he still held 122,741 shares worth roughly $1.75 million.
- This was not Steffan’s only recent sale; he also sold 9,740 shares on March 23 for about $152,041, indicating repeated insider selling activity this year.
- CHCI shares were under pressure and analysts remain cautious, with the stock down 12.2% and the consensus rating sitting at “Hold” after a recent downgrade from Buy to Hold.
Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) COO Timothy Steffan sold 13,026 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 122,741 shares of the company's stock, valued at approximately $1,746,604.43. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Timothy Steffan also recently made the following trade(s):
- On Monday, March 23rd, Timothy Steffan sold 9,740 shares of Comstock Holding Companies stock. The shares were sold at an average price of $15.61, for a total value of $152,041.40.
Comstock Holding Companies Stock Down 12.2%
Comstock Holding Companies stock opened at $13.84 on Friday. The business has a 50 day moving average price of $16.81 and a two-hundred day moving average price of $13.93. The stock has a market cap of $141.31 million, a price-to-earnings ratio of 8.34 and a beta of -0.43. Comstock Holding Companies, Inc. has a 12 month low of $9.00 and a 12 month high of $19.72.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The construction company reported $0.19 earnings per share for the quarter. The company had revenue of $17.45 million for the quarter. Comstock Holding Companies had a return on equity of 27.54% and a net margin of 25.79%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on CHCI shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Comstock Holding Companies in a report on Friday, March 27th. Wall Street Zen cut shares of Comstock Holding Companies from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Comstock Holding Companies currently has an average rating of "Hold".
Get Our Latest Research Report on CHCI
Institutional Investors Weigh In On Comstock Holding Companies
Several institutional investors and hedge funds have recently made changes to their positions in CHCI. Geode Capital Management LLC lifted its holdings in Comstock Holding Companies by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company's stock valued at $1,625,000 after purchasing an additional 1,952 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of Comstock Holding Companies in the third quarter valued at approximately $393,000. Truffle Hound Capital LLC raised its stake in shares of Comstock Holding Companies by 130.1% in the third quarter. Truffle Hound Capital LLC now owns 261,292 shares of the construction company's stock valued at $3,661,000 after acquiring an additional 147,738 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company's stock worth $543,000 after acquiring an additional 2,704 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Comstock Holding Companies in the 3rd quarter worth approximately $248,000. Institutional investors and hedge funds own 6.45% of the company's stock.
Comstock Holding Companies Company Profile
(
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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