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

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

Comstock Holding Companies Trading Down 3.0 %

Shares of Comstock Holding Companies stock opened at $9.30 on Tuesday. Comstock Holding Companies has a 12-month low of $5.90 and a 12-month high of $14.48. The company has a market cap of $93.43 million, a P/E ratio of 15.76 and a beta of 0.39. The company’s fifty day simple moving average is $7.99 and its two-hundred day simple moving average is $8.81.

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

Institutional Investors Weigh In On Comstock Holding Companies

Hedge funds have recently made changes to their positions in the company. Barclays PLC purchased a new position in Comstock Holding Companies during the fourth quarter valued at $40,000. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 1,888 shares in the last quarter. Renaissance Technologies LLC lifted its position in 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 Comstock Holding Companies by 2.6% during the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock worth $1,700,000 after acquiring an additional 4,371 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors.

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.