Comstock Holding Companies (NASDAQ:CHCI) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.74 and traded as low as $7.26. Comstock Holding Companies shares last traded at $7.26, with a volume of 6,072 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Comstock Holding Companies in a research report on Wednesday. They issued a “hold” rating on the stock.

Comstock Holding Companies Trading Down 2.6 %

The business’s 50-day moving average price is $8.10 and its 200-day moving average price is $8.74. The stock has a market cap of $71.79 million, a PE ratio of 12.31 and a beta of 0.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC purchased a new position in shares of Comstock Holding Companies in the 4th quarter worth approximately $40,000. Dimensional Fund Advisors LP grew its position in 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 worth $272,000 after purchasing an additional 1,888 shares during the last quarter. Renaissance Technologies LLC grew its position 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 worth $1,224,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Comstock Holding Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock worth $1,395,000 after purchasing an additional 4,433 shares during the last quarter. Hedge funds and other institutional investors 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.