Key Points
- Director David Hirsh bought 1,400 shares at an average price of $17.08, spending $23,912. His direct holdings rose to 2,000 shares, a 233.33% increase.
- Comstock reported quarterly earnings of $0.06 per share on revenue of $17.86 million, with a 30.43% net margin.
- The stock has an average analyst rating of “Buy,” though recent ratings included downgrades from “strong-buy” to “hold” and from “buy” to a lower “buy” grade.
Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report) Director David Hirsh purchased 1,400 shares of Comstock Holding Companies stock in a transaction dated Monday, November 9th. The shares were acquired at an average cost of $17.08 per share, with a total value of $23,912.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at approximately $34,160. The trade was a 233.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Comstock Holding Companies Trading Up 1.1%
CHCI opened at $16.01 on Friday. Comstock Holding Companies, Inc. has a 1-year low of $10.14 and a 1-year high of $22.07. The firm's 50 day simple moving average is $18.78 and its two-hundred day simple moving average is $16.25. The company has a market capitalization of $164.61 million, a PE ratio of 6.76 and a beta of -0.42.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its earnings results on Thursday, November 5th. The construction company reported $0.06 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 32.62% and a net margin of 30.43%. The company had revenue of $17.86 million for the quarter.
Institutional Trading of Comstock Holding Companies
A number of large investors have recently made changes to their positions in the business. Pekin Hardy Strauss Inc. purchased a new stake in shares of Comstock Holding Companies during the 3rd quarter valued at about $568,000. Navellier & Associates Inc. lifted its holdings in shares of Comstock Holding Companies by 159.2% in the 2nd quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company's stock valued at $601,000 after acquiring an additional 23,072 shares during the last quarter. Corsair Capital Management L.P. grew its position in Comstock Holding Companies by 8.4% in the first quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company's stock worth $933,000 after acquiring an additional 3,800 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 in the last quarter. Finally, Renaissance Technologies LLC grew its position 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 worth $3,418,000 after acquiring an additional 3,213 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on CHCI shares. Weiss Ratings lowered shares of Comstock Holding Companies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday. Wall Street Zen lowered shares of Comstock Holding Companies from a "strong-buy" rating to a "hold" rating in a report on Saturday, November 7th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".
Read Our Latest Analysis on CHCI
Comstock Holding Companies Company Profile
(
Get Free Report)
Comstock Holding Companies, Inc. is a real estate development and services company focused on the Washington, D.C., metropolitan area. Its activities include developing and managing commercial, residential and mixed-use properties, with an emphasis on transit-oriented communities. The company provides services across the real estate lifecycle, including development, construction management, leasing and property management. Its projects include mixed-use developments in Northern Virginia, such as Reston Station and Loudoun Station.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
