Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report issued on Saturday.
Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Comstock Holding Companies
Comstock Holding Companies Stock Performance
Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The construction company reported $0.84 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 35.60% and a net margin of 32.16%.The company had revenue of $22.58 million for the quarter.
Insider Buying and Selling at Comstock Holding Companies
In other Comstock Holding Companies news, COO Timothy Steffan sold 13,026 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.23, for a total value of $185,359.98. Following the sale, the chief operating officer owned 122,741 shares of the company’s stock, valued at $1,746,604.43. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 35.03% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Comstock Holding Companies
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Comstock Holding Companies by 1.2% in 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. Dimensional Fund Advisors LP grew its holdings in 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 valued at $543,000 after buying an additional 2,704 shares during the period. Citadel Advisors LLC acquired a new position in shares of Comstock Holding Companies during the 3rd quarter valued at about $248,000. Susquehanna International Group LLP acquired a new position in shares of Comstock Holding Companies during the 3rd quarter valued at about $244,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Comstock Holding Companies by 2,573.9% during the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after acquiring an additional 11,814 shares during the period. Institutional investors and hedge funds own 6.45% of the company’s stock.
About Comstock Holding Companies
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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