Comstock Holding Companies (NASDAQ:CHCI) Director David Hirsh Purchases 600 Shares

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David Hirsh purchased 600 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $18.66 per share, for a total transaction of $11,196.00. Following the purchase, the director directly owned 600 shares in the company, valued at approximately $11,196. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Comstock Holding Companies Stock Up 1.9%

Shares of CHCI stock traded up $0.38 during trading on Thursday, reaching $19.87. The company’s stock had a trading volume of 26,665 shares, compared to its average volume of 24,077. Comstock Holding Companies, Inc. has a one year low of $10.14 and a one year high of $20.40. The business has a fifty day moving average price of $15.93 and a 200-day moving average price of $15.47. The company has a market cap of $204.26 million, a price-to-earnings ratio of 8.42 and a beta of -0.41.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Thursday, August 13th. The construction company reported $0.84 EPS for the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 35.60%. The firm had revenue of $22.58 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHCI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Wednesday, June 24th. Wall Street Zen upgraded Comstock Holding Companies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Comstock Holding Companies currently has an average rating of “Hold”.

Institutional Trading of Comstock Holding Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in Comstock Holding Companies by 437.7% during the 4th 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 last quarter. Sfmg LLC bought a new position in shares of Comstock Holding Companies during the fourth quarter valued at $116,000. NewEdge Advisors LLC lifted its holdings 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. Quadrature Capital Ltd acquired a new position in shares of Comstock Holding Companies during the fourth quarter worth $144,000. Finally, Mink Brook Asset Management LLC bought a new position in Comstock Holding Companies during the 4th quarter worth $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.