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

Shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.78 and traded as low as $11.34. Comstock Holding Companies shares last traded at $11.49, with a volume of 6,095 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on CHCI shares. Weiss Ratings lowered shares of Comstock Holding Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Wall Street Zen lowered shares of Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Comstock Holding Companies Price Performance

The stock has a market cap of $115.93 million and a price-to-earnings ratio of 8.64. The company’s fifty day moving average price is $11.90 and its 200-day moving average price is $13.78.

Comstock Holding Companies (NASDAQ:CHCI) last released its earnings results 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.

Institutional Trading of Comstock Holding Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHCI. Truffle Hound Capital LLC increased its holdings in shares of Comstock Holding Companies by 130.1% in the third quarter. Truffle Hound Capital LLC now owns 261,292 shares of the construction company’s stock valued at $3,661,000 after purchasing an additional 147,738 shares during the period. Geode Capital Management LLC increased its holdings in 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 worth $1,625,000 after buying an additional 1,952 shares during the period. Corsair Capital Management L.P. raised its position in 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 buying an additional 3,085 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Comstock Holding Companies by 7.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock worth $543,000 after buying an additional 2,704 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Comstock Holding Companies during the 3rd quarter valued at approximately $393,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.