StockNews.com Begins Coverage on Comstock Holding Companies (NASDAQ:CHCI)

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

Comstock Holding Companies Trading Up 14.2 %

NASDAQ:CHCI opened at $7.74 on Friday. The firm has a market capitalization of $76.54 million, a price-to-earnings ratio of 13.12 and a beta of 0.62. Comstock Holding Companies has a 1-year low of $5.00 and a 1-year high of $14.48. The business’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $8.72.

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

Institutional Trading of Comstock Holding Companies

Several hedge funds have recently added to or reduced their stakes in CHCI. Barclays PLC acquired a new position in Comstock Holding Companies in the fourth quarter valued at about $40,000. Dimensional Fund Advisors LP lifted its holdings in shares of Comstock Holding Companies by 5.9% during 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of Comstock Holding Companies by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after purchasing an additional 2,100 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Comstock Holding Companies by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock valued at $1,700,000 after purchasing an additional 4,371 shares during the period. Institutional investors and hedge funds 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.