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

Stock analysts at StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the construction company’s stock.

Comstock Holding Companies Trading Up 13.5 %

Shares of NASDAQ CHCI opened at $9.59 on Tuesday. The stock has a market capitalization of $96.34 million, a PE ratio of 16.25 and a beta of 0.39. Comstock Holding Companies has a twelve month low of $5.90 and a twelve month high of $14.48. The stock has a fifty day simple moving average of $7.97 and a 200-day simple moving average of $8.80.

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

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted 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 valued at $272,000 after buying an additional 1,888 shares in the last quarter. Barclays PLC acquired a new position in shares of Comstock Holding Companies in the fourth quarter valued at approximately $40,000. Renaissance Technologies LLC raised its position in Comstock Holding Companies by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock worth $1,224,000 after buying an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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. Hedge funds and other institutional investors 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.