Comstock Holding Companies (NASDAQ:CHCI) Releases Earnings Results

Comstock Holding Companies (NASDAQ:CHCI) released its quarterly earnings results on Thursday. The construction company reported $0.19 EPS for the quarter, FiscalAI reports. The business had revenue of $17.45 million during the quarter. Comstock Holding Companies had a return on equity of 28.82% and a net margin of 25.79%.

Comstock Holding Companies Stock Down 6.5%

NASDAQ:CHCI traded down $1.13 on Friday, hitting $16.30. The stock had a trading volume of 9,018 shares, compared to its average volume of 12,215. The business’s 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $13.90. Comstock Holding Companies has a 52-week low of $9.00 and a 52-week high of $19.72. The stock has a market cap of $166.42 million, a price-to-earnings ratio of 9.82 and a beta of -0.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other news, COO Timothy Steffan sold 9,740 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 115,767 shares of the company’s stock, valued at $1,807,122.87. The trade was a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 36.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Comstock Holding Companies by 437.7% during the 4th quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock valued at $45,000 after buying an additional 3,125 shares in the last quarter. Sfmg LLC bought a new stake in Comstock Holding Companies during the fourth quarter valued at about $116,000. Quadrature Capital Ltd purchased a new position in shares of Comstock Holding Companies in the fourth quarter valued at about $144,000. NewEdge Advisors LLC lifted its position in shares of Comstock Holding Companies by 2,573.9% in the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after acquiring an additional 11,814 shares in the last quarter. Finally, Mink Brook Asset Management LLC bought a new position in shares of Comstock Holding Companies in the fourth quarter worth about $190,000. 6.45% of the stock is owned by hedge funds and other 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.