Analysts at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) in a research note issued on Friday. The brokerage set a "hold" rating on the construction company's stock.
Comstock Holding Companies Stock Down 5.9 %
NASDAQ:CHCI opened at $6.56 on Friday. The company has a fifty day simple moving average of $7.84 and a two-hundred day simple moving average of $8.72. The company has a market cap of $64.87 million, a price-to-earnings ratio of 11.12 and a beta of 0.62. Comstock Holding Companies has a 52 week low of $4.60 and a 52 week high of $14.48.
Hedge Funds Weigh In On Comstock Holding Companies
A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Comstock Holding Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock worth $1,395,000 after purchasing an additional 4,433 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Comstock Holding Companies by 1.4% during 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 grew its stake in shares of 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 worth $272,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of Comstock Holding Companies during the fourth quarter worth $40,000. Institutional investors and hedge funds own 6.45% of the company's stock.
Comstock Holding Companies Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Comstock Holding Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comstock Holding Companies wasn't on the list.
While Comstock Holding Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
