Equities researchers at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) in a research note issued on Sunday. The brokerage set a "hold" rating on the construction company's stock.
Comstock Holding Companies Stock Up 1.1 %
NASDAQ:CHCI traded up $0.10 during mid-day trading on Friday, hitting $9.06. 6,478 shares of the stock traded hands, compared to its average volume of 23,994. Comstock Holding Companies has a 52 week low of $5.02 and a 52 week high of $14.48. The stock has a market capitalization of $91.02 million, a price-to-earnings ratio of 15.36 and a beta of 0.62. The firm's 50 day moving average is $7.88 and its two-hundred day moving average is $8.80.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share for the quarter. Comstock Holding Companies had a return on equity of 15.65% and a net margin of 13.44%. The firm had revenue of $16.91 million for the quarter. During the same quarter in the previous year, the company posted $0.18 earnings per share.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in Comstock Holding Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock valued at $1,395,000 after buying an additional 4,433 shares during the period. Renaissance Technologies LLC grew its stake 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 worth $1,224,000 after purchasing an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $272,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of Comstock Holding Companies in the 4th quarter worth $40,000. 6.45% of the stock is currently owned by institutional investors.
About Comstock Holding Companies
(
Get Free Report)
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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