Comstock Holding Companies (NASDAQ:CHCI) Now Covered by StockNews.com

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

Comstock Holding Companies Stock Up 14.2 %

Shares of Comstock Holding Companies stock opened at $7.74 on Friday. Comstock Holding Companies has a twelve month low of $5.00 and a twelve month high of $14.48. The company’s 50 day moving average is $7.68 and its 200 day moving average is $8.71. The company has a market cap of $76.54 million, a price-to-earnings ratio of 13.12 and a beta of 0.62.

Comstock Holding Companies (NASDAQ:CHCI) last released 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 return on equity of 15.65% and a net margin of 13.44%. The firm had revenue of $16.91 million for the quarter. During the same period in the previous year, the company earned $0.18 earnings per share.

Institutional Investors Weigh In On Comstock Holding Companies

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Comstock Holding Companies by 2.6% in the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock worth $1,700,000 after buying an additional 4,371 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Comstock Holding Companies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after buying an additional 1,888 shares during the last quarter. Barclays PLC bought a new position in Comstock Holding Companies in the fourth quarter worth approximately $40,000. Finally, Renaissance Technologies LLC boosted its stake 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 worth $1,224,000 after acquiring an additional 2,100 shares during 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.