Comstock Holding Companies (NASDAQ:CHCI) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Comstock Holding Companies (NASDAQ:CHCI) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Comstock Holding Companies in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Comstock Holding Companies Stock Down 1.4%

Shares of NASDAQ CHCI opened at $19.76 on Friday. The firm’s 50-day moving average price is $16.23 and its 200-day moving average price is $15.65. The company has a market cap of $203.17 million, a PE ratio of 8.37 and a beta of -0.41. Comstock Holding Companies has a 52-week low of $10.14 and a 52-week high of $20.79.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings results on Thursday, August 13th. The construction company reported $0.84 EPS for the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 35.60%. The firm had revenue of $22.58 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHCI. State Street Corp grew its stake in shares of Comstock Holding Companies by 6.4% during the 4th quarter. State Street Corp now owns 16,721 shares of the construction company’s stock valued at $194,000 after purchasing an additional 1,000 shares during the period. Geode Capital Management LLC lifted its stake in shares of Comstock Holding Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 1,952 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after purchasing an additional 2,704 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Comstock Holding Companies by 23.5% in the fourth quarter. NewEdge Advisors LLC now owns 15,155 shares of the construction company’s stock worth $176,000 after buying an additional 2,882 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Comstock Holding Companies by 437.7% in 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 during the last quarter. 6.45% of the stock is owned by hedge funds and other 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.