Comstock Holding Companies (NASDAQ:CHCI) Downgraded by Wall Street Zen to Hold

Comstock Holding Companies (NASDAQ:CHCI) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Comstock Holding Companies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Comstock Holding Companies Trading Down 3.9%

CHCI opened at $17.88 on Friday. The stock has a 50-day moving average price of $19.07 and a 200-day moving average price of $16.15. Comstock Holding Companies has a 12-month low of $10.14 and a 12-month high of $22.07. The stock has a market capitalization of $183.81 million, a P/E ratio of 7.81 and a beta of -0.42.

Comstock Holding Companies (NASDAQ:CHCI) last issued its earnings results on Thursday, November 5th. The construction company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $17.86 million during the quarter. Comstock Holding Companies had a net margin of 32.16% and a return on equity of 35.60%.

Institutional Investors Weigh In On Comstock Holding Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in CHCI. Pekin Hardy Strauss Inc. acquired a new position in Comstock Holding Companies during the 3rd quarter worth approximately $568,000. Integrated Wealth Concepts LLC purchased a new position in Comstock Holding Companies in the second quarter valued at $45,000. Navellier & Associates Inc. lifted its stake in Comstock Holding Companies by 159.2% during the 2nd quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock worth $601,000 after acquiring an additional 23,072 shares in the last quarter. Corsair Capital Management L.P. boosted its holdings in shares of Comstock Holding Companies by 8.4% in the first quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock valued at $933,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Comstock Holding Companies by 1.8% during the first quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock worth $3,418,000 after buying an additional 3,213 shares during the period. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc is a real estate development and asset management company focused on mixed-use and transit-oriented properties. The company plans, develops, owns, operates and manages residential, office, retail, entertainment and hospitality assets, with an emphasis on creating walkable, amenity-rich communities.

Comstock’s activities are concentrated primarily in the Washington, DC, metropolitan area, particularly Northern Virginia. Its portfolio and development projects have included large-scale urban communities such as Reston Station, which combines multifamily housing, office space, retail, dining, entertainment and public amenities near major transportation infrastructure.

The company has a history dating to the 1980s and has evolved from a residential and land development business into an integrated real estate platform.