Comstock Holding Companies (NASDAQ:CHCI) Announces Quarterly Earnings Results

Comstock Holding Companies (NASDAQ:CHCI) posted its quarterly earnings results on Thursday. The construction company reported $0.05 earnings per share for the quarter, Zacks reports. The business had revenue of $13.65 million during the quarter. Comstock Holding Companies had a net margin of 28.35% and a return on equity of 30.98%.

Comstock Holding Companies Stock Performance

Shares of CHCI traded up $0.44 during midday trading on Friday, hitting $15.51. 12,069 shares of the stock were exchanged, compared to its average volume of 25,696. Comstock Holding Companies has a 52-week low of $6.31 and a 52-week high of $18.99. The stock has a fifty day simple moving average of $15.08 and a 200 day simple moving average of $13.03. The firm has a market cap of $156.20 million, a P/E ratio of 10.27 and a beta of 0.12.

Insider Transactions at Comstock Holding Companies

In related news, COO Timothy Steffan sold 3,430 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $15.66, for a total transaction of $53,713.80. Following the completion of the transaction, the chief operating officer directly owned 92,564 shares in the company, valued at $1,449,552.24. This trade represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 36.18% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC boosted its holdings in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,045 shares of the construction company’s stock after buying an additional 1,952 shares during the quarter. Geode Capital Management LLC owned 1.60% of Comstock Holding Companies worth $1,625,000 as of its most recent SEC filing. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHCI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Comstock Holding Companies in a report on Wednesday, October 8th. Wall Street Zen downgraded Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Comstock Holding Companies

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.