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

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

Comstock Holding Companies Stock Down 9.2 %

CHCI opened at $8.62 on Friday. The stock has a market cap of $85.24 million, a PE ratio of 14.61 and a beta of 0.62. The business’s fifty day simple moving average is $7.85 and its 200 day simple moving average is $8.80. Comstock Holding Companies has a 52 week low of $5.01 and a 52 week high of $14.48.

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

Institutional Investors Weigh In On Comstock Holding Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Comstock Holding Companies in the fourth quarter worth $40,000. Dimensional Fund Advisors LP grew 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 worth $272,000 after buying an additional 1,888 shares during the last quarter. Renaissance Technologies LLC grew its stake 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 worth $1,224,000 after buying an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 valued at $1,700,000 after acquiring an additional 4,371 shares in the last quarter. 6.45% of the stock is currently 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.