Comstock Holding Companies (NASDAQ:CHCI) Coverage Initiated at StockNews.com

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

Comstock Holding Companies Trading Down 7.3 %

Shares of NASDAQ CHCI opened at $9.49 on Friday. Comstock Holding Companies has a 1-year low of $5.01 and a 1-year high of $14.48. The company has a 50-day moving average of $7.85 and a two-hundred day moving average of $8.79. The company has a market cap of $93.85 million, a PE ratio of 16.08 and a beta of 0.62.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings data 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 firm had revenue of $16.91 million during the quarter. During the same quarter last year, the firm earned $0.18 EPS.

Institutional Trading of Comstock Holding Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake 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 valued at $272,000 after purchasing an additional 1,888 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Comstock Holding Companies by 1.4% in 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 period. Geode Capital Management LLC lifted its holdings in 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 valued at $1,700,000 after buying an additional 4,371 shares during the period. Finally, Barclays PLC bought a new position in Comstock Holding Companies in the fourth quarter valued at approximately $40,000. 6.45% of the stock is owned by institutional investors.

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.