Key Points
- Director David Hirsh purchased 600 shares of Comstock Holding Companies at an average price of $18.66, investing $11,196 and increasing his ownership to 600 shares.
- CHCI shares opened at $19.87, up 1.9%, with a market capitalization of approximately $204.3 million and a 12-month range of $10.14 to $20.40.
- Comstock reported quarterly earnings of $0.84 per share on $22.58 million in revenue, while analyst sentiment remained mixed with an overall “Hold” rating despite one upgrade to “Strong Buy.”
Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director David Hirsh acquired 600 shares of Comstock Holding Companies stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average price of $18.66 per share, with a total value of $11,196.00. Following the acquisition, the director owned 600 shares of the company's stock, valued at approximately $11,196. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Comstock Holding Companies Trading Up 1.9%
Comstock Holding Companies stock opened at $19.87 on Friday. Comstock Holding Companies, Inc. has a 12 month low of $10.14 and a 12 month high of $20.40. The stock's 50 day moving average is $16.03 and its 200-day moving average is $15.53. The company has a market capitalization of $204.26 million, a price-to-earnings ratio of 8.42 and a beta of -0.41.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its earnings results on Thursday, August 13th. The construction company reported $0.84 earnings per share for the quarter. The company 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%.
Analysts Set New Price Targets
Several research analysts have weighed in on CHCI shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Comstock Holding Companies in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Comstock Holding Companies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".
Read Our Latest Stock Report on Comstock Holding Companies
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CHCI. Barclays PLC increased 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 worth $45,000 after purchasing an additional 3,125 shares during the period. Sfmg LLC acquired a new stake in shares of Comstock Holding Companies in the fourth quarter valued at approximately $116,000. Quadrature Capital Ltd bought a new stake in shares of Comstock Holding Companies in the fourth quarter valued at approximately $144,000. NewEdge Advisors LLC boosted its stake in shares of Comstock Holding Companies by 2,573.9% in the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company's stock valued at $172,000 after buying an additional 11,814 shares during the period. Finally, Mink Brook Asset Management LLC acquired a new stake in Comstock Holding Companies during the fourth quarter worth approximately $190,000. Institutional investors and hedge funds own 6.45% of the company's stock.
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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