Comstock Holding Companies (NASDAQ:CHCI) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Comstock Holding Companies, Inc. (NASDAQ:CHCI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.88 and traded as high as $17.50. Comstock Holding Companies shares last traded at $17.43, with a volume of 3,180 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHCI. Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Friday, March 27th. Wall Street Zen raised shares of Comstock Holding Companies to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Comstock Holding Companies presently has a consensus rating of “Hold”.

Comstock Holding Companies Stock Up 2.4%

The firm has a market capitalization of $177.96 million, a PE ratio of 10.76 and a beta of -0.43. The firm’s fifty day simple moving average is $16.41 and its 200-day simple moving average is $13.88.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Thursday, May 14th. The construction company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $17.45 million during the quarter. Comstock Holding Companies had a net margin of 27.12% and a return on equity of 28.97%.

Insider Transactions at Comstock Holding Companies

In other Comstock Holding Companies news, COO Timothy Steffan sold 9,740 shares of Comstock Holding Companies stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $15.61, for a total value of $152,041.40. Following the completion of the transaction, the chief operating officer directly owned 115,767 shares of the company’s stock, valued at approximately $1,807,122.87. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 36.18% of the company’s stock.

Institutional Trading of Comstock Holding Companies

Large investors have recently made changes to their positions in the stock. Barclays PLC grew its stake 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 acquiring an additional 3,125 shares during the period. Sfmg LLC bought a new stake in shares of Comstock Holding Companies in the fourth quarter worth approximately $116,000. Quadrature Capital Ltd bought a new stake in shares of Comstock Holding Companies in the fourth quarter worth approximately $144,000. NewEdge Advisors LLC grew its stake in shares of Comstock Holding Companies by 2,573.9% in the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after acquiring an additional 11,814 shares during the period. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Comstock Holding Companies in the fourth quarter worth 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.