Comstock Holding Companies (NASDAQ:CHCI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report published on Thursday morning. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $7.19 on Thursday. Comstock Holding Companies has a 1-year low of $4.60 and a 1-year high of $14.48. The business has a fifty day moving average price of $7.94 and a 200-day moving average price of $8.74. The company has a market capitalization of $71.10 million, a PE ratio of 12.19 and a beta of 0.62.

Hedge Funds Weigh In On Comstock Holding Companies

Several large investors have recently modified their holdings of CHCI. Barclays PLC bought a new position in shares of Comstock Holding Companies during the 4th quarter valued at approximately $40,000. Dimensional Fund Advisors LP increased its position in shares of Comstock Holding Companies by 5.9% during the 4th 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 last quarter. Renaissance Technologies LLC increased 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 purchasing an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 valued at $1,395,000 after purchasing an additional 4,433 shares during the last quarter. Institutional investors own 6.45% of the company’s stock.

About Comstock Holding Companies

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.