Comstock Holding Companies (NASDAQ:CHCI) COO Timothy Steffan Sells 9,740 Shares

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 9,740 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $15.61, for a total transaction of $152,041.40. Following the transaction, the chief operating officer directly owned 115,767 shares in the company, valued at approximately $1,807,122.87. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Comstock Holding Companies Stock Performance

Shares of CHCI stock traded up $0.25 during midday trading on Wednesday, reaching $16.48. 9,969 shares of the company were exchanged, compared to its average volume of 29,354. The company’s 50 day moving average price is $12.03 and its two-hundred day moving average price is $13.25. The company has a market cap of $166.28 million, a P/E ratio of 10.02 and a beta of -0.09. Comstock Holding Companies, Inc. has a 12 month low of $8.13 and a 12 month high of $18.99.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Comstock Holding Companies

Several large investors have recently modified their holdings of CHCI. Truffle Hound Capital LLC grew its holdings in shares of Comstock Holding Companies by 33.9% in the 4th quarter. Truffle Hound Capital LLC now owns 350,000 shares of the construction company’s stock worth $4,067,000 after acquiring an additional 88,708 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Comstock Holding Companies by 3.9% during the fourth quarter. Renaissance Technologies LLC now owns 177,266 shares of the construction company’s stock valued at $2,060,000 after purchasing an additional 6,587 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Comstock Holding Companies by 1.2% during 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. Saber Capital Managment LLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter valued at $802,000. Finally, Corsair Capital Management L.P. boosted its position in shares of Comstock Holding Companies by 6.4% in the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock valued at $516,000 after purchasing an additional 3,085 shares during the period. 6.45% of the stock is owned by institutional investors.

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.