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

StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Trading Down 5.1 %

Comstock Holding Companies stock opened at $7.02 on Wednesday. The firm has a market cap of $69.42 million, a price-to-earnings ratio of 11.90 and a beta of 0.66. The stock has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $8.73. Comstock Holding Companies has a 12 month low of $4.60 and a 12 month high of $14.48.

Institutional Trading of Comstock Holding Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings 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 worth $272,000 after purchasing an additional 1,888 shares in the last quarter. Barclays PLC bought a new stake in shares of Comstock Holding Companies in the fourth quarter worth $40,000. Renaissance Technologies LLC grew its holdings in shares of Comstock Holding Companies by 1.4% in the fourth 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 period. Finally, Geode Capital Management LLC grew its holdings in shares of Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after acquiring an additional 4,433 shares during the period. Institutional investors own 6.45% of the company’s stock.

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.