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

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

Comstock Holding Companies Price Performance

Shares of Comstock Holding Companies stock opened at $8.09 on Tuesday. The stock has a market capitalization of $80.01 million, a price-to-earnings ratio of 13.71 and a beta of 0.66. The business has a 50-day moving average of $8.19 and a 200 day moving average of $8.68. Comstock Holding Companies has a 12 month low of $4.55 and a 12 month high of $14.48.

Institutional Investors Weigh In On Comstock Holding Companies

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Comstock Holding Companies by 5.9% during 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. Barclays PLC purchased a new stake in shares of Comstock Holding Companies during the fourth quarter worth $40,000. Renaissance Technologies LLC raised its stake in shares of Comstock Holding Companies by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company’s stock valued at $1,395,000 after purchasing an additional 4,433 shares during the period. 6.45% of the stock is owned by hedge funds and other 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.