Begins Coverage on Comstock Holding Companies (NASDAQ:CHCI) started coverage on shares of Comstock Holding Companies (NASDAQ:CHCIGet Rating) in a report released on Thursday. The firm set a “buy” rating on the construction company’s stock.

Comstock Holding Companies stock opened at $4.69 on Thursday. The stock’s fifty day moving average is $5.13 and its two-hundred day moving average is $4.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.31 and a quick ratio of 3.31. Comstock Holding Companies has a 1-year low of $4.10 and a 1-year high of $8.24. The stock has a market cap of $39.11 million, a PE ratio of 2.86 and a beta of 1.20.

A number of institutional investors have recently made changes to their positions in CHCI. Citadel Advisors LLC bought a new position in Comstock Holding Companies in the second quarter worth about $110,000. Geode Capital Management LLC lifted its stake in shares of Comstock Holding Companies by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 132,209 shares of the construction company’s stock valued at $632,000 after purchasing an additional 5,457 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Comstock Holding Companies during the 3rd quarter worth $164,000. 7.03% of the stock is owned by hedge funds and other institutional investors.

Comstock Holding Companies Company Profile (Get Rating)

Comstock Holding Companies, Inc develops, operates, and manages of mixed-use and transit-oriented properties primarily in the Washington, DC metropolitan area. The company operates a portfolio of 34 operating assets, which include 14 commercial assets totaling approximately 2.2 million square feet; 6 multifamily assets totaling 1,636 units; and 14 commercial garages with approximately 11,000 parking spaces.

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