Comstock Holding Companies (NASDAQ:CHCI) Stock Price Crosses Above 200 Day Moving Average Following Insider Selling

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s share price crossed above its 200-day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a 200-day moving average of $9.86 and traded as high as $15.17. Comstock Holding Companies shares last traded at $14.85, with a volume of 4,466 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Comstock Holding Companies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th.

Comstock Holding Companies Price Performance

The firm has a 50-day moving average of $11.71 and a 200 day moving average of $9.86. The company has a market capitalization of $149.18 million, a PE ratio of 9.83 and a beta of 0.07.

Comstock Holding Companies (NASDAQ:CHCI) last posted its earnings results on Thursday, August 7th. The construction company reported $0.14 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 30.98% and a net margin of 28.35%. The company had revenue of $12.97 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Corsair Capital Management L.P. raised its stake in shares of 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 worth $516,000 after buying an additional 3,085 shares during the period. Truffle Hound Capital LLC bought a new position in shares of Comstock Holding Companies in the second quarter worth about $1,146,000. Geode Capital Management LLC raised its stake 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 worth $1,625,000 after buying an additional 1,952 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Comstock Holding Companies by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after buying an additional 1,888 shares during the period. Finally, Barclays PLC bought a new position in shares of Comstock Holding Companies in the fourth quarter worth about $40,000. Institutional investors own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.