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

StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research report sent to investors on Friday morning. The firm issued a hold rating on the construction company’s stock.

Comstock Holding Companies Price Performance

NASDAQ:CHCI opened at $6.48 on Friday. The stock has a market cap of $64.08 million, a P/E ratio of 10.98 and a beta of 0.62. Comstock Holding Companies has a one year low of $4.60 and a one year high of $14.48. The company has a fifty day moving average price of $7.81 and a 200 day moving average price of $8.71.

Hedge Funds Weigh In On Comstock Holding Companies

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised 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 valued at $272,000 after buying an additional 1,888 shares in the last quarter. Barclays PLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter valued at $40,000. Renaissance Technologies LLC raised 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 valued at $1,224,000 after buying an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Comstock Holding Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock valued at $1,395,000 after buying an additional 4,433 shares in the last quarter. 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.