Comstock Holding Companies (NASDAQ:CHCI) Director Buys $11,196.00 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David Hirsh bought 600 shares of the stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average price of $18.66 per share, with a total value of $11,196.00. Following the acquisition, the director directly owned 600 shares in the company, valued at approximately $11,196. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Comstock Holding Companies Trading Up 0.9%

Shares of NASDAQ:CHCI opened at $20.05 on Friday. Comstock Holding Companies, Inc. has a 12 month low of $10.14 and a 12 month high of $20.40. The company has a market capitalization of $206.11 million, a price-to-earnings ratio of 8.50 and a beta of -0.41. The firm’s 50-day moving average is $16.13 and its 200 day moving average is $15.57.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings data on Thursday, August 13th. The construction company reported $0.84 earnings per share (EPS) for the quarter. The business had revenue of $22.58 million during the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 35.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHCI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Trading of Comstock Holding Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in Comstock Holding Companies by 437.7% during the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after acquiring an additional 3,125 shares in the last quarter. Sfmg LLC purchased a new stake in shares of Comstock Holding Companies in the 4th quarter worth approximately $116,000. NewEdge Advisors LLC boosted its stake in shares of Comstock Holding Companies by 2,573.9% during the third 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 in the last quarter. Quadrature Capital Ltd bought a new position in shares of Comstock Holding Companies during the fourth quarter valued at approximately $144,000. Finally, Mink Brook Asset Management LLC purchased a new position in Comstock Holding Companies during the fourth quarter valued at approximately $190,000. 6.45% of the stock is currently owned by institutional investors.

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.