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

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

Shares of Comstock Holding Companies stock opened at $4.90 on Friday. The firm has a market cap of $40.86 million, a price-to-earnings ratio of 2.59 and a beta of 1.20. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $4.82. Comstock Holding Companies has a one year low of $3.86 and a one year high of $8.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.83 and a quick ratio of 3.31.

A number of hedge funds have recently bought and sold shares of CHCI. Citadel Advisors LLC bought a new position in Comstock Holding Companies during the 2nd quarter worth $110,000. Dimensional Fund Advisors LP bought a new position in shares of Comstock Holding Companies in the third quarter worth $164,000. Finally, Geode Capital Management LLC increased its position in shares of Comstock Holding Companies by 4.3% in the third quarter. Geode Capital Management LLC now owns 132,209 shares of the construction company’s stock worth $632,000 after purchasing an additional 5,457 shares during the period. Hedge funds and other institutional investors own 7.03% of the company’s stock.

About Comstock Holding Companies (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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