Comstock Holding Companies (NASDAQ:CHCI) Issues Quarterly Earnings Results

Comstock Holding Companies (NASDAQ:CHCI) posted its quarterly earnings results on Tuesday. The construction company reported $1.28 EPS for the quarter, FiscalAI reports. Comstock Holding Companies had a net margin of 24.90% and a return on equity of 25.53%. The business had revenue of $23.93 million during the quarter.

Comstock Holding Companies Stock Performance

NASDAQ:CHCI opened at $14.31 on Wednesday. Comstock Holding Companies has a 1 year low of $6.41 and a 1 year high of $18.99. The stock has a market cap of $144.39 million, a P/E ratio of 10.76 and a beta of -0.09. The stock has a 50-day simple moving average of $11.54 and a 200-day simple moving average of $13.27.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Comstock Holding Companies

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in 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 in the last quarter. Sfmg LLC purchased a new stake in shares of Comstock Holding Companies during the 4th quarter worth approximately $116,000. Quadrature Capital Ltd acquired a new position in shares of Comstock Holding Companies in the 4th quarter valued at $144,000. NewEdge Advisors LLC boosted its holdings in shares of Comstock Holding Companies by 2,573.9% in the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after buying an additional 11,814 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of Comstock Holding Companies in the 4th quarter valued at $190,000. Hedge funds and other institutional investors own 6.45% of the company’s stock.

About Comstock Holding Companies

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.