Saber Capital Managment LLC Invests $802,000 in Comstock Holding Companies, Inc. $CHCI

Saber Capital Managment LLC bought a new position in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 69,052 shares of the construction company’s stock, valued at approximately $802,000. Comstock Holding Companies accounts for about 0.7% of Saber Capital Managment LLC’s investment portfolio, making the stock its 22nd largest holding. Saber Capital Managment LLC owned approximately 0.68% of Comstock Holding Companies at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CHCI. Geode Capital Management LLC raised its position in shares of Comstock Holding Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 1,952 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Comstock Holding Companies by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after purchasing an additional 2,704 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Comstock Holding Companies during the third quarter worth $248,000. Susquehanna International Group LLP acquired a new stake in shares of Comstock Holding Companies during the third quarter worth $244,000. Finally, NewEdge Advisors LLC raised its position in shares of Comstock Holding Companies by 2,573.9% during the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after purchasing an additional 11,814 shares during the period. 6.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comstock Holding Companies news, COO Timothy Steffan sold 13,026 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $14.23, for a total value of $185,359.98. Following the transaction, the chief operating officer owned 122,741 shares in the company, valued at $1,746,604.43. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 35.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHCI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comstock Holding Companies in a research report on Friday, March 27th. Wall Street Zen downgraded Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Comstock Holding Companies has a consensus rating of “Hold”.

Comstock Holding Companies Price Performance

Shares of NASDAQ CHCI opened at $15.61 on Monday. The business’s 50-day moving average price is $16.91 and its two-hundred day moving average price is $14.05. Comstock Holding Companies, Inc. has a one year low of $9.73 and a one year high of $19.72. The company has a market capitalization of $159.38 million, a P/E ratio of 9.40 and a beta of -0.44.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results 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 firm had revenue of $17.45 million for the quarter.

Comstock Holding Companies 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.