Wall Street Zen upgraded shares of Comstock Holding Companies (NASDAQ:CHCI – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings raised Comstock Holding Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Comstock Holding Companies currently has a consensus rating of “Buy”.
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Comstock Holding Companies Price Performance
Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The construction company reported $0.84 EPS for the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 35.60%. The company had revenue of $22.58 million during the quarter.
Institutional Trading of Comstock Holding Companies
Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Comstock Holding Companies during the 2nd quarter worth about $45,000. Sfmg LLC bought a new stake in Comstock Holding Companies during the 4th quarter worth about $116,000. Bristlecone Value Partners LLC acquired a new stake in Comstock Holding Companies in the 4th quarter valued at about $240,000. Navellier & Associates Inc. increased its position in 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 in the last quarter. Finally, Saber Capital Managment LLC bought a new position in shares of Comstock Holding Companies in the fourth quarter worth about $802,000. 6.45% of the stock is currently owned by institutional investors and hedge funds.
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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