StockNews.com Initiates Coverage on Comstock Holding Companies (NASDAQ:CHCI)

StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report issued on Sunday. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Price Performance

Shares of CHCI opened at $9.49 on Friday. The stock has a market capitalization of $93.85 million, a price-to-earnings ratio of 16.08 and a beta of 0.62. Comstock Holding Companies has a 1 year low of $5.01 and a 1 year high of $14.48. The business’s 50 day simple moving average is $7.85 and its 200-day simple moving average is $8.79.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share 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 posted $0.18 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in Comstock Holding Companies during the fourth quarter valued at approximately $40,000. Dimensional Fund Advisors LP boosted its holdings 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 period. 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 raised its holdings in Comstock Holding Companies by 2.6% during the 3rd 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 period. Hedge funds and other institutional investors own 6.45% of the company’s stock.

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.