Comstock Holding Companies (NASDAQ:CHCI) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the construction company’s stock.

Comstock Holding Companies Stock Performance

Shares of NASDAQ:CHCI opened at $9.59 on Tuesday. The stock has a market cap of $96.34 million, a PE ratio of 16.25 and a beta of 0.39. The business’s fifty day moving average price is $7.97 and its two-hundred day moving average price is $8.80. Comstock Holding Companies has a one year low of $5.90 and a one year high of $14.48.

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

Hedge Funds Weigh In On Comstock Holding Companies

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings 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 valued at $272,000 after buying an additional 1,888 shares during the period. Renaissance Technologies LLC increased its position in Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 during the period. Finally, Barclays PLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter valued at $40,000. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.