Comstock Holding Companies (NASDAQ:CHCI) Now Covered 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 Saturday. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Trading Up 14.2 %

Shares of Comstock Holding Companies stock opened at $7.74 on Friday. Comstock Holding Companies has a 12 month low of $5.00 and a 12 month high of $14.48. The firm has a market capitalization of $76.54 million, a P/E ratio of 13.12 and a beta of 0.62. The business has a fifty day simple moving average of $7.68 and a two-hundred day simple moving average of $8.71.

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

Institutional Investors Weigh In On Comstock Holding Companies

Several hedge funds have recently added to or reduced their stakes in CHCI. Dimensional Fund Advisors LP raised 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. Renaissance Technologies LLC increased its stake 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 purchasing an additional 2,100 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $1,700,000 after buying an additional 4,371 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of Comstock Holding Companies during the fourth quarter valued at approximately $40,000. 6.45% of the stock is 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.