Comstock Holding Companies (NASDAQ:CHCI) Downgraded by Wall Street Zen to Buy

Wall Street Zen cut shares of Comstock Holding Companies (NASDAQ:CHCI) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Comstock Holding Companies Stock Up 2.4%

Shares of NASDAQ CHCI opened at $10.07 on Friday. Comstock Holding Companies has a 12-month low of $5.90 and a 12-month high of $14.48. The firm’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $8.70. The company has a market cap of $101.16 million, a price-to-earnings ratio of 17.07 and a beta of 0.06.

Comstock Holding Companies (NASDAQ:CHCI) last announced its earnings results on Monday, May 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. The company had revenue of $12.64 million for the quarter.

Insider Buying and Selling at Comstock Holding Companies

In other news, COO Timothy Steffan sold 4,425 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.00, for a total transaction of $44,250.00. Following the completion of the sale, the chief operating officer now owns 105,540 shares in the company, valued at $1,055,400. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 5,970 shares of company stock worth $59,700. Insiders own 36.18% of the company’s stock.

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds have recently added to or reduced their stakes in CHCI. Barclays PLC acquired a new position in Comstock Holding Companies during the 4th quarter valued at about $40,000. Dimensional Fund Advisors LP raised its stake in shares of Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after buying an additional 1,888 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after buying an additional 2,100 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock valued at $1,395,000 after acquiring an additional 4,433 shares during the last quarter. Institutional investors own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.