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

Comstock Holding Companies (NASDAQ:CHCI) issued its quarterly earnings results on Tuesday. The construction company reported $1.28 earnings per share (EPS) for the quarter, FiscalAI reports. The company 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 30.92%.

Comstock Holding Companies Stock Up 6.4%

Shares of Comstock Holding Companies stock opened at $15.22 on Thursday. Comstock Holding Companies has a 52 week low of $6.41 and a 52 week high of $18.99. The firm’s 50 day moving average is $11.60 and its two-hundred day moving average is $13.28. The firm has a market capitalization of $153.57 million, a P/E ratio of 9.40 and a beta of -0.09.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Comstock Holding Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Comstock Holding Companies by 437.7% in the 4th 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. Sfmg LLC acquired a new position in Comstock Holding Companies during the fourth quarter worth approximately $116,000. Quadrature Capital Ltd purchased a new stake in Comstock Holding Companies in the fourth quarter valued at approximately $144,000. NewEdge Advisors LLC boosted its holdings 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 during the period. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of Comstock Holding Companies in the fourth quarter valued at approximately $190,000. Institutional investors and hedge funds 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.