StockNews.com Begins Coverage on Comstock Holding Companies (NASDAQ:CHCI)

Equities research analysts at StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report released on Monday. The brokerage set a “hold” rating on the construction company’s stock.

Comstock Holding Companies Stock Down 4.3 %

CHCI stock opened at $8.21 on Monday. The company has a market capitalization of $82.48 million, a P/E ratio of 13.92 and a beta of 0.39. The company has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $8.81. Comstock Holding Companies has a fifty-two week low of $5.22 and a fifty-two week high of $14.48.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 4,433 shares during the last quarter. Renaissance Technologies LLC boosted 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 buying an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 buying an additional 1,888 shares in the last quarter. Finally, Barclays PLC bought a new position in shares of Comstock Holding Companies in the fourth quarter valued at $40,000. 6.45% of the stock is 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.