Timothy Steffan Sells 13,026 Shares of Comstock Holding Companies (NASDAQ:CHCI) Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 13,026 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total value of $185,359.98. Following the completion of the transaction, the chief operating officer directly owned 122,741 shares in the company, valued at approximately $1,746,604.43. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Timothy Steffan also recently made the following trade(s):

• On Monday, March 23rd, Timothy Steffan sold 9,740 shares of Comstock Holding Companies stock. The stock was sold at an average price of $15.61, for a total transaction of $152,041.40.

Comstock Holding Companies Stock Down 12.2%

NASDAQ CHCI traded down $1.93 during trading hours on Thursday, reaching $13.84. 32,704 shares of the company were exchanged, compared to its average volume of 18,378. Comstock Holding Companies, Inc. has a 1 year low of $9.00 and a 1 year high of $19.72. The business’s 50 day simple moving average is $16.81 and its 200-day simple moving average is $13.93. The stock has a market capitalization of $141.31 million, a P/E ratio of 8.34 and a beta of -0.43.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings data on Thursday, May 14th. The construction company reported $0.19 EPS for the quarter. Comstock Holding Companies had a return on equity of 27.54% and a net margin of 25.79%.The business had revenue of $17.45 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of Comstock Holding Companies by 6.4% during the 4th quarter. State Street Corp now owns 16,721 shares of the construction company’s stock valued at $194,000 after purchasing an additional 1,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Comstock Holding Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock valued at $1,625,000 after acquiring an additional 1,952 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after buying an additional 2,704 shares in the last quarter. NewEdge Advisors LLC grew its stake in Comstock Holding Companies by 23.5% in the 4th quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company’s stock worth $176,000 after buying an additional 2,882 shares in the last quarter. Finally, Barclays PLC grew its stake in Comstock Holding Companies by 437.7% in the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after buying an additional 3,125 shares in the last quarter. 6.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHCI. Wall Street Zen lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Comstock Holding Companies currently has an average rating of “Hold”.

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.