Comstock Holding Companies (NASDAQ:CHCI) COO Timothy Steffan Sells 9,740 Shares

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 9,740 shares of Comstock Holding Companies stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $15.61, for a total transaction of $152,041.40. Following the completion of the transaction, the chief operating officer directly owned 115,767 shares in the company, valued at approximately $1,807,122.87. The trade was a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Comstock Holding Companies Stock Up 1.5%

Comstock Holding Companies stock opened at $16.48 on Thursday. The company has a 50 day moving average of $12.03 and a 200-day moving average of $13.25. Comstock Holding Companies, Inc. has a twelve month low of $8.13 and a twelve month high of $18.99. The stock has a market capitalization of $166.28 million, a PE ratio of 10.17 and a beta of -0.09.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings data on Tuesday, March 17th. The construction company reported $1.28 EPS for the quarter. The business had revenue of $23.93 million for the quarter. Comstock Holding Companies had a net margin of 27.12% and a return on equity of 28.97%.

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Comstock Holding Companies by 1.2% in 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 in the last quarter. Corsair Capital Management L.P. boosted its holdings in Comstock Holding Companies by 6.4% during the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock worth $516,000 after purchasing an additional 3,085 shares during the last quarter. Navellier & Associates Inc. bought a new position in Comstock Holding Companies in the third quarter valued at $393,000. Truffle Hound Capital LLC grew its position in Comstock Holding Companies by 130.1% in the third quarter. Truffle Hound Capital LLC now owns 261,292 shares of the construction company’s stock valued at $3,661,000 after purchasing an additional 147,738 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 valued at $543,000 after buying an additional 2,704 shares during the last quarter. 6.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Comstock Holding Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus 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.