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

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

Comstock Holding Companies Stock Down 7.3 %

Shares of CHCI opened at $9.49 on Friday. The stock’s 50-day moving average price is $7.85 and its 200 day moving average price is $8.79. The firm has a market capitalization of $93.85 million, a price-to-earnings ratio of 16.08 and a beta of 0.62. Comstock Holding Companies has a 12-month low of $5.01 and a 12-month high of $14.48.

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

Hedge Funds Weigh In On Comstock Holding Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Comstock Holding Companies by 2.6% in the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock worth $1,700,000 after purchasing an additional 4,371 shares in the last quarter. Renaissance Technologies LLC grew 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 purchasing an additional 2,100 shares during the period. Barclays PLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter worth approximately $40,000. Finally, Dimensional Fund Advisors LP raised its holdings 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 worth $272,000 after buying an additional 1,888 shares in the last quarter. 6.45% of the stock is owned by institutional investors.

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.