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

StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report issued on Saturday morning. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Stock Up 19.8 %

CHCI opened at $9.27 on Friday. The stock has a market capitalization of $91.67 million, a price-to-earnings ratio of 15.71 and a beta of 0.62. The firm has a 50 day moving average price of $7.71 and a 200-day moving average price of $8.73. Comstock Holding Companies has a twelve month low of $5.00 and a twelve month high of $14.48.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Comstock Holding Companies by 2.6% during the 4th 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 last quarter. Renaissance Technologies LLC grew its position in Comstock Holding Companies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after buying an additional 2,100 shares during the period. Dimensional Fund Advisors LP increased its holdings in Comstock Holding Companies by 5.9% during the fourth 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 during the last quarter. Finally, Barclays PLC bought a new position in Comstock Holding Companies in the fourth quarter worth approximately $40,000. 6.45% of the stock is owned by hedge funds and other institutional investors.

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.