Comstock Holding Companies, Inc. $CHCI Shares Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC increased its stake in Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 130.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,292 shares of the construction company’s stock after purchasing an additional 147,738 shares during the period. Comstock Holding Companies accounts for about 1.0% of Truffle Hound Capital LLC’s portfolio, making the stock its 19th largest position. Truffle Hound Capital LLC owned about 2.59% of Comstock Holding Companies worth $3,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Navellier & Associates Inc. purchased a new stake in Comstock Holding Companies in the third quarter valued at $393,000. Corsair Capital Management L.P. grew its stake in shares of Comstock Holding Companies by 6.4% during the 2nd quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock worth $516,000 after purchasing an additional 3,085 shares during the period. Finally, 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 valued at $1,625,000 after purchasing an additional 1,952 shares during the period. Hedge funds and other institutional investors own 6.45% of the company’s stock.

Comstock Holding Companies Trading Up 1.4%

Shares of NASDAQ CHCI opened at $11.36 on Friday. The stock has a market cap of $114.62 million and a price-to-earnings ratio of 8.54. The company’s 50-day moving average price is $11.73 and its 200 day moving average price is $13.73. Comstock Holding Companies, Inc. has a 52 week low of $6.31 and a 52 week high of $18.99.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings data on Thursday, November 13th. The construction company reported $0.05 EPS for the quarter. Comstock Holding Companies had a net margin of 24.90% and a return on equity of 25.53%. The company had revenue of $13.65 million during the quarter.

Analyst Ratings Changes

CHCI has been the topic of several research reports. Wall Street Zen downgraded shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings lowered shares of Comstock Holding Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Comstock Holding Companies presently has a consensus rating of “Hold”.

Comstock Holding Companies 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.