Saber Capital Managment LLC purchased a new position in Comstock Holding Companies, Inc. (NASDAQ:CHCI – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 69,052 shares of the construction company’s stock, valued at approximately $802,000. Comstock Holding Companies makes up about 0.7% of Saber Capital Managment LLC’s holdings, making the stock its 22nd biggest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Comstock Holding Companies by 437.7% in the fourth quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after buying an additional 3,125 shares during the last quarter. Sfmg LLC bought a new stake in Comstock Holding Companies during the 4th quarter valued at approximately $116,000. NewEdge Advisors LLC boosted its stake in 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 valued at $172,000 after purchasing an additional 11,814 shares during the period. Mink Brook Asset Management LLC bought a new stake in Comstock Holding Companies during the 4th quarter valued at approximately $190,000. Finally, State Street Corp boosted its stake in Comstock Holding Companies by 6.4% during the 4th quarter. State Street Corp now owns 16,721 shares of the construction company’s stock valued at $194,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 6.45% of the company’s stock.
Insider Activity
In other news, COO Timothy Steffan sold 13,026 shares of the 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 transaction, 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 SEC, which is accessible through the SEC website. Insiders own 35.03% of the company’s stock.
Comstock Holding Companies Price Performance
Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The construction company reported $0.19 EPS for the quarter. The firm had revenue of $17.45 million during the quarter. Comstock Holding Companies had a return on equity of 27.54% and a net margin of 25.79%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Friday, March 27th. Wall Street Zen downgraded Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Comstock Holding Companies has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Comstock Holding Companies
Comstock Holding Companies 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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