StockNews.com cut shares of Comstock Holding Companies (NASDAQ:CHCI – Free Report) from a buy rating to a hold rating in a research report report published on Tuesday.
Comstock Holding Companies Stock Down 2.2 %
NASDAQ:CHCI opened at $8.63 on Tuesday. The firm’s fifty day simple moving average is $10.12 and its 200-day simple moving average is $8.04. The stock has a market cap of $85.35 million, a PE ratio of 14.63 and a beta of 0.64. Comstock Holding Companies has a fifty-two week low of $3.90 and a fifty-two week high of $14.48.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC boosted its position in Comstock Holding Companies, Inc. (NASDAQ:CHCI – Free Report) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,117 shares of the construction company’s stock after purchasing an additional 4,371 shares during the period. Geode Capital Management LLC owned about 1.73% of Comstock Holding Companies worth $1,700,000 as of its most recent SEC filing. 6.45% of the stock is 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.
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