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

Comstock Holding Companies, Inc. (NASDAQ:CHCI) Director David Hirsh acquired 600 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $18.66 per share, for a total transaction of $11,196.00. Following the purchase, the director owned 600 shares in the company, valued at approximately $11,196. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Comstock Holding Companies Trading Up 1.9%

NASDAQ:CHCI opened at $19.87 on Friday. The stock has a market capitalization of $204.26 million, a PE ratio of 8.42 and a beta of -0.41. Comstock Holding Companies, Inc. has a 1-year low of $10.14 and a 1-year high of $20.40. The firm has a fifty day simple moving average of $16.03 and a 200 day simple moving average of $15.53.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Wednesday, June 24th. Wall Street Zen upgraded Comstock Holding Companies from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On Comstock Holding Companies

Large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in Comstock Holding Companies by 6.4% during the fourth quarter. State Street Corp now owns 16,721 shares of the construction company’s stock worth $194,000 after purchasing an additional 1,000 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $1,625,000 after purchasing an additional 1,952 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Comstock Holding Companies by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock valued at $543,000 after purchasing an additional 2,704 shares during the period. NewEdge Advisors LLC raised its position in shares of Comstock Holding Companies by 23.5% in the fourth quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company’s stock valued at $176,000 after purchasing an additional 2,882 shares during the period. Finally, Barclays PLC raised its position 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 valued at $45,000 after purchasing an additional 3,125 shares during the period. Institutional investors own 6.45% of the company’s stock.

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.