Comstock Holding Companies (NASDAQ:CHCI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report issued on Saturday morning. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Stock Up 19.8 %

CHCI stock opened at $9.27 on Friday. The business’s 50-day moving average price is $7.71 and its 200-day moving average price is $8.73. The stock has a market cap of $91.67 million, a P/E ratio of 15.71 and a beta of 0.62. Comstock Holding Companies has a twelve month low of $5.00 and a twelve month high of $14.48.

Comstock Holding Companies (NASDAQ:CHCI) last issued 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 period in the prior year, the firm earned $0.18 EPS.

Institutional Investors Weigh In On Comstock Holding Companies

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in shares of Comstock Holding Companies in the fourth quarter valued at about $40,000. Dimensional Fund Advisors LP grew its position in shares of Comstock Holding Companies by 5.9% during the fourth 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. Renaissance Technologies LLC raised its stake in Comstock Holding Companies by 1.4% during 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 lifted its holdings in 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 worth $1,700,000 after purchasing an additional 4,371 shares in the last quarter. Hedge funds and other institutional investors own 6.45% of the company’s stock.

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.