Comstock Holding Companies (NASDAQ:CHCI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Stock Performance

NASDAQ CHCI opened at $7.44 on Wednesday. The stock has a fifty day moving average of $8.09 and a 200-day moving average of $8.74. The stock has a market capitalization of $73.57 million, a P/E ratio of 12.61 and a beta of 0.66. Comstock Holding Companies has a 52 week low of $4.60 and a 52 week high of $14.48.

Institutional Investors Weigh In On Comstock Holding Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Comstock Holding Companies by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock worth $1,700,000 after purchasing an additional 4,371 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Comstock Holding Companies by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Barclays PLC bought a new position in shares of Comstock Holding Companies in the 4th quarter worth $40,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Comstock Holding Companies by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after purchasing an additional 1,888 shares during the last quarter. 6.45% of the stock is owned by institutional investors and hedge funds.

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.