Comstock Holding Companies (NASDAQ:CHCI) COO Sells $152,041.40 in Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 9,740 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $15.61, for a total value of $152,041.40. Following the sale, the chief operating officer directly owned 115,767 shares in the company, valued at $1,807,122.87. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Comstock Holding Companies Stock Up 1.5%

Shares of NASDAQ CHCI opened at $16.83 on Friday. Comstock Holding Companies, Inc. has a 12 month low of $8.13 and a 12 month high of $18.99. The company has a market cap of $169.81 million, a price-to-earnings ratio of 10.39 and a beta of -0.09. The business has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $13.27.

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

Institutional Trading of Comstock Holding Companies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Truffle Hound Capital LLC grew its holdings in shares of Comstock Holding Companies by 130.1% during the third quarter. Truffle Hound Capital LLC now owns 261,292 shares of the construction company’s stock valued at $3,661,000 after buying an additional 147,738 shares in the last quarter. Saber Capital Managment LLC purchased a new stake in Comstock Holding Companies in the 4th quarter worth about $802,000. 683 Capital Management LLC purchased a new stake in Comstock Holding Companies in the 4th quarter worth about $397,000. Navellier & Associates Inc. acquired a new stake in Comstock Holding Companies during the 3rd quarter worth about $393,000. Finally, Bristlecone Value Partners LLC acquired a new stake in Comstock Holding Companies during the 4th quarter worth about $240,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

Analysts Set New Price Targets

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