Comstock Holding Companies (NASDAQ:CHCI) Stock Rating Lowered by Wall Street Zen

Comstock Holding Companies (NASDAQ:CHCI) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

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

Comstock Holding Companies Stock Performance

Comstock Holding Companies stock opened at $20.05 on Friday. The firm has a market cap of $206.11 million, a PE ratio of 8.50 and a beta of -0.41. Comstock Holding Companies has a 12 month low of $10.14 and a 12 month high of $20.40. The stock’s 50 day simple moving average is $16.13 and its two-hundred day simple moving average is $15.59.

Comstock Holding Companies (NASDAQ:CHCI) last posted its earnings results on Thursday, August 13th. The construction company reported $0.84 earnings per share 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 Trading of Comstock Holding Companies

A number of institutional investors and hedge funds have recently made changes to their positions in CHCI. Barclays PLC raised its stake in shares of Comstock Holding Companies by 437.7% during the 4th 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 period. Sfmg LLC acquired a new stake in Comstock Holding Companies in the 4th quarter valued at $116,000. NewEdge Advisors LLC increased its holdings in Comstock Holding Companies by 2,573.9% in 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 in the last quarter. Quadrature Capital Ltd purchased a new stake in Comstock Holding Companies in the 4th quarter worth $144,000. Finally, Mink Brook Asset Management LLC acquired a new position in Comstock Holding Companies during the fourth quarter worth $190,000. 6.45% of the stock is currently 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.