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 Sunday. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Stock Down 7.3 %

NASDAQ CHCI opened at $9.49 on Friday. Comstock Holding Companies has a 52 week low of $5.01 and a 52 week high of $14.48. The company has a market capitalization of $93.85 million, a P/E ratio of 16.08 and a beta of 0.62. The stock’s 50-day moving average price is $7.85 and its 200-day moving average price is $8.79.

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

Institutional Investors Weigh In On Comstock Holding Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position 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 worth $1,700,000 after purchasing an additional 4,371 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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. Barclays PLC purchased a new stake in Comstock Holding Companies during the 4th quarter valued at approximately $40,000. Finally, Renaissance Technologies LLC raised its position in shares of Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after buying an additional 2,100 shares during the last quarter. 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.