Comstock Holding Companies (NASDAQ:CHCI) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research note issued on Friday. The brokerage set a “hold” rating on the construction company’s stock.

Comstock Holding Companies Stock Down 5.9 %

NASDAQ:CHCI opened at $6.56 on Friday. The company has a fifty day simple moving average of $7.84 and a two-hundred day simple moving average of $8.72. The company has a market cap of $64.87 million, a price-to-earnings ratio of 11.12 and a beta of 0.62. Comstock Holding Companies has a 52 week low of $4.60 and a 52 week high of $14.48.

Hedge Funds Weigh In On Comstock Holding Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Comstock Holding Companies by 2.6% during the fourth 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 in the last quarter. Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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. Finally, Barclays PLC acquired a new position in shares of Comstock Holding Companies during the fourth quarter worth $40,000. Institutional investors and hedge funds 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.