Comstock Holding Companies (NASDAQ:CHCI) Stock Passes Below 200 Day Moving Average – What’s Next?

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.67 and traded as low as $10.75. Comstock Holding Companies shares last traded at $11.63, with a volume of 29,763 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on CHCI. Weiss Ratings restated a “buy (b-)” rating on shares of Comstock Holding Companies in a research report on Monday, December 22nd. Wall Street Zen lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Comstock Holding Companies Stock Up 6.6%

The stock has a market capitalization of $117.35 million, a PE ratio of 8.74 and a beta of -0.01. The stock’s 50-day moving average is $13.59 and its 200 day moving average is $13.67.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Thursday, November 13th. The construction company reported $0.05 earnings per share (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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CHCI. Geode Capital Management LLC lifted its holdings in shares of Comstock Holding Companies by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 161,045 shares of the construction company’s stock valued at $1,625,000 after buying an additional 1,952 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Comstock Holding Companies by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock valued at $543,000 after acquiring an additional 2,704 shares in the last quarter. Corsair Capital Management L.P. lifted its stake in Comstock Holding Companies by 6.4% in the second quarter. Corsair Capital Management L.P. now owns 51,131 shares of the construction company’s stock valued at $516,000 after acquiring an additional 3,085 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Comstock Holding Companies by 2,573.9% in the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after acquiring an additional 11,814 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Comstock Holding Companies in the third quarter worth approximately $244,000. 6.45% of the stock is owned by institutional investors and hedge funds.

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.