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

Comstock Holding Companies (NASDAQ:CHCI) released its quarterly earnings results on Thursday. The construction company reported $0.19 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $17.45 million for the quarter. Comstock Holding Companies had a return on equity of 28.97% and a net margin of 27.12%.

Comstock Holding Companies Stock Up 2.4%

Shares of NASDAQ:CHCI traded up $0.41 during trading on Thursday, reaching $17.43. The stock had a trading volume of 3,180 shares, compared to its average volume of 12,817. The business has a fifty day moving average price of $16.41 and a 200-day moving average price of $13.88. The stock has a market cap of $177.96 million, a P/E ratio of 10.76 and a beta of -0.43. Comstock Holding Companies has a fifty-two week low of $9.00 and a fifty-two week high of $19.72.

Insiders Place Their Bets

In other Comstock Holding Companies news, COO Timothy Steffan sold 9,740 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,807,122.87. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 36.18% of the company’s stock.

Institutional Investors Weigh In On Comstock Holding Companies

Hedge funds have recently modified their holdings of the stock. Truffle Hound Capital LLC raised its stake in Comstock Holding Companies by 33.9% during the fourth quarter. Truffle Hound Capital LLC now owns 350,000 shares of the construction company’s stock worth $4,067,000 after purchasing an additional 88,708 shares during the period. Renaissance Technologies LLC boosted its holdings in Comstock Holding Companies by 3.9% in the fourth quarter. Renaissance Technologies LLC now owns 177,266 shares of the construction company’s stock valued at $2,060,000 after acquiring an additional 6,587 shares during the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 1,952 shares during the period. Saber Capital Managment LLC acquired a new stake in Comstock Holding Companies during the fourth quarter worth about $802,000. Finally, Dimensional Fund Advisors LP increased its stake in Comstock Holding Companies by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company’s stock worth $964,000 after acquiring an additional 3,704 shares during the last quarter. 6.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHCI has been the topic of several recent research reports. Wall Street Zen raised shares of Comstock Holding Companies to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Comstock Holding Companies presently 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.