StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research note published on Thursday morning. The firm issued a hold rating on the construction company's stock.
Comstock Holding Companies Price Performance
Shares of NASDAQ CHCI traded up $0.18 during mid-day trading on Thursday, hitting $7.19. The company had a trading volume of 1,918 shares, compared to its average volume of 21,733. The company has a market capitalization of $71.10 million, a PE ratio of 12.19 and a beta of 0.62. Comstock Holding Companies has a 1-year low of $4.60 and a 1-year high of $14.48. The business's 50-day simple moving average is $7.94 and its 200 day simple moving average is $8.74.
Institutional Trading of Comstock Holding Companies
Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Comstock Holding Companies by 2.6% in the third quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company's stock valued at $1,700,000 after acquiring an additional 4,371 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Comstock Holding Companies by 5.9% in 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. Barclays PLC purchased a new position in Comstock Holding Companies in the fourth quarter valued at $40,000. Finally, Renaissance Technologies LLC increased its holdings in 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 buying an additional 2,100 shares during the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.
About Comstock Holding Companies
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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.
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