Comstock Holding Companies (NASDAQ:CHCI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.85 and traded as high as $15.84. Comstock Holding Companies shares last traded at $15.46, with a volume of 10,310 shares changing hands.

Wall Street Analysts Forecast Growth

CHCI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Wednesday, June 24th. Wall Street Zen lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Comstock Holding Companies Stock Up 0.9%

The firm’s 50-day moving average price is $15.44 and its 200 day moving average price is $14.85. The company has a market capitalization of $157.85 million, a P/E ratio of 9.31 and a beta of -0.41.

Comstock Holding Companies (NASDAQ:CHCI) last posted its earnings results on Thursday, May 14th. The construction company reported $0.19 earnings per share for the quarter. Comstock Holding Companies had a net margin of 25.79% and a return on equity of 27.54%. The company had revenue of $17.45 million for the quarter.

Insider Activity at Comstock Holding Companies

In other news, COO Timothy Steffan sold 13,026 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total value of $185,359.98. Following the completion of the sale, the chief operating officer directly owned 122,741 shares of the company’s stock, valued at $1,746,604.43. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 35.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in Comstock Holding Companies by 437.7% during the fourth quarter. Barclays PLC now owns 3,839 shares of the construction company’s stock worth $45,000 after buying an additional 3,125 shares in the last quarter. Sfmg LLC bought a new position in Comstock Holding Companies during the 4th quarter valued at $116,000. NewEdge Advisors LLC boosted its holdings in Comstock Holding Companies by 2,573.9% during the 3rd quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock worth $172,000 after acquiring an additional 11,814 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Comstock Holding Companies during the 4th quarter worth $144,000. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Comstock Holding Companies in the 4th quarter worth $190,000. 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.