Comstock Holding Companies, Inc. (NASDAQ:CHCI – Get Free Report) COO Timothy Steffan sold 13,026 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total value of $185,359.98. Following the completion of the sale, the chief operating officer directly owned 122,741 shares of the company’s stock, valued at approximately $1,746,604.43. This represents a 9.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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 stock was sold at an average price of $15.61, for a total value of $152,041.40.
Comstock Holding Companies Stock Performance
NASDAQ:CHCI traded down $1.93 during trading hours on Thursday, reaching $13.84. The company’s stock had a trading volume of 32,704 shares, compared to its average volume of 18,378. The firm has a market capitalization of $141.31 million, a price-to-earnings ratio of 8.34 and a beta of -0.43. The firm has a 50-day simple moving average of $16.81 and a 200-day simple moving average of $13.93. Comstock Holding Companies, Inc. has a 1 year low of $9.00 and a 1 year high of $19.72.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Comstock Holding Companies has an average rating of “Hold”.
Get Our Latest Research Report on CHCI
Hedge Funds Weigh In On Comstock Holding Companies
Several institutional investors and hedge funds have recently added to or reduced their stakes in CHCI. Barclays PLC lifted its position in Comstock Holding Companies by 437.7% during 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. Sfmg LLC purchased a new position in Comstock Holding Companies during the fourth quarter valued at $116,000. Quadrature Capital Ltd purchased a new position in Comstock Holding Companies during the fourth quarter valued at $144,000. NewEdge Advisors LLC grew its holdings in 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 worth $172,000 after purchasing an additional 11,814 shares during the period. Finally, Mink Brook Asset Management LLC purchased a new stake in Comstock Holding Companies in the fourth quarter worth about $190,000. Hedge funds and other institutional investors own 6.45% of the company’s stock.
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.
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