Comstock Holding Companies (NASDAQ:CHCI) Now Covered by StockNews.com

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

Comstock Holding Companies Price Performance

CHCI stock opened at $7.74 on Friday. The stock has a market capitalization of $76.54 million, a P/E ratio of 13.12 and a beta of 0.62. Comstock Holding Companies has a fifty-two week low of $5.00 and a fifty-two week high of $14.48. The business has a 50-day moving average of $7.68 and a 200-day moving average of $8.72.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The firm had revenue of $16.91 million during the quarter. During the same period last year, the company earned $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 business. Barclays PLC acquired a new position in shares of Comstock Holding Companies during the 4th quarter worth about $40,000. Dimensional Fund Advisors LP increased its position in shares of Comstock Holding Companies by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock valued at $272,000 after acquiring an additional 1,888 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 acquiring an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Comstock Holding Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock valued at $1,395,000 after purchasing an additional 4,433 shares during the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

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.