Comstock Holding Companies (NASDAQ:CHCI) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Comstock Holding Companies, Inc. (NASDAQ:CHCI) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.74 and traded as low as $7.26. Comstock Holding Companies shares last traded at $7.26, with a volume of 6,072 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Comstock Holding Companies in a report on Wednesday. They set a “hold” rating for the company.

Comstock Holding Companies Stock Performance

The company has a market cap of $71.79 million, a P/E ratio of 12.31 and a beta of 0.66. The business’s fifty day moving average is $8.10 and its two-hundred day moving average is $8.74.

Institutional Investors Weigh In On Comstock Holding Companies

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Comstock Holding Companies by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock valued at $1,700,000 after purchasing an additional 4,371 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 1,888 shares in the last quarter. Barclays PLC bought a new stake in shares of Comstock Holding Companies in the 4th quarter valued at about $40,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Comstock Holding Companies by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 151,479 shares of the construction company’s stock valued at $1,224,000 after purchasing an additional 2,100 shares in the last quarter. 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.