Comstock Holding Companies (NASDAQ:CHCI) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.80 and traded as low as $8.70. Comstock Holding Companies shares last traded at $9.59, with a volume of 36,061 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Comstock Holding Companies in a research report on Tuesday. They set a “hold” rating on the stock.

Comstock Holding Companies Stock Up 7.6 %

The firm has a market capitalization of $100.56 million, a PE ratio of 16.97 and a beta of 0.39. The firm’s 50-day simple moving average is $7.99 and its 200-day simple moving average is $8.81.

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

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC purchased a new position in Comstock Holding Companies during the 4th quarter valued at about $40,000. Dimensional Fund Advisors LP raised its holdings in 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 purchasing an additional 1,888 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Comstock Holding Companies by 1.4% in the fourth 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 period. Finally, Geode Capital Management LLC grew its holdings in shares of 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 acquiring an additional 4,433 shares during the period. 6.45% of the stock is 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.