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

StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Price Performance

Shares of NASDAQ CHCI opened at $8.96 on Friday. The stock has a fifty day moving average price of $7.87 and a 200 day moving average price of $8.80. Comstock Holding Companies has a 1-year low of $5.01 and a 1-year high of $14.48. The company has a market cap of $88.61 million, a PE ratio of 15.19 and a beta of 0.62.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings data on Friday, March 21st. The construction company reported $0.99 EPS for the quarter. The firm had revenue of $16.91 million during the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. During the same quarter in the previous year, the business earned $0.18 EPS.

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted 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 valued at $272,000 after purchasing an additional 1,888 shares during the period. Barclays PLC purchased a new position in Comstock Holding Companies in the fourth quarter valued at about $40,000. Renaissance Technologies LLC lifted its position in shares of Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after acquiring an additional 2,100 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after acquiring an additional 4,433 shares in the last quarter. 6.45% of the stock is currently owned by hedge funds and other institutional investors.

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.