Comstock Holding Companies (NASDAQ:CHCI) COO Timothy Steffan Sells 13,026 Shares of Stock

Comstock Holding Companies, Inc. (NASDAQ:CHCI) COO Timothy Steffan sold 13,026 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.23, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Timothy Steffan also recently made the following trade(s):

• On Monday, March 23rd, Timothy Steffan sold 9,740 shares of Comstock Holding Companies stock. The shares were sold at an average price of $15.61, for a total transaction of $152,041.40.

Comstock Holding Companies Trading Down 12.2%

CHCI stock opened at $13.84 on Friday. Comstock Holding Companies, Inc. has a 1 year low of $9.00 and a 1 year high of $19.72. The company has a fifty day simple moving average of $16.81 and a 200 day simple moving average of $13.93. The firm has a market cap of $141.31 million, a PE ratio of 8.34 and a beta of -0.43.

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

Hedge Funds Weigh In On Comstock Holding Companies

Several large investors have recently made changes to their positions in the business. State Street Corp grew its holdings in Comstock Holding Companies by 6.4% in the 4th quarter. State Street Corp now owns 16,721 shares of the construction company’s stock valued at $194,000 after buying an additional 1,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Comstock Holding Companies by 1.2% in 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. Dimensional Fund Advisors LP grew its stake in shares of Comstock Holding Companies by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after acquiring an additional 2,704 shares during the last quarter. NewEdge Advisors LLC grew its stake 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 acquiring an additional 2,882 shares during the last quarter. Finally, Barclays PLC increased its position 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 acquiring an additional 3,125 shares during the period. Institutional investors and hedge funds own 6.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHCI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Friday, March 27th. Wall Street Zen downgraded Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Comstock Holding Companies currently 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.