David M. Guernsey Sells 6,660 Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David M. Guernsey sold 6,660 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.01, for a total transaction of $66,666.60. Following the completion of the sale, the director now owns 49,867 shares of the company’s stock, valued at $499,168.67. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Comstock Holding Companies Trading Up 3.1%

Shares of CHCI stock opened at $10.38 on Tuesday. Comstock Holding Companies, Inc. has a 1 year low of $5.91 and a 1 year high of $14.48. The firm’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $8.70. The firm has a market capitalization of $104.28 million, a P/E ratio of 17.59 and a beta of 0.06.

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

Institutional Investors Weigh In On Comstock Holding Companies

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.