StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research report released on Saturday. The brokerage issued a hold rating on the construction company's stock.
Comstock Holding Companies Stock Up 8.2 %
Shares of NASDAQ:CHCI traded up $0.76 during trading on Friday, reaching $10.03. The stock had a trading volume of 110,206 shares, compared to its average volume of 22,730. The stock has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $8.73. The firm has a market capitalization of $99.19 million, a price-to-earnings ratio of 17.00 and a beta of 0.62. Comstock Holding Companies has a 52 week low of $5.00 and a 52 week high of $14.48.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $16.91 million during the quarter. During the same period in the prior year, the firm posted $0.18 EPS.
Hedge Funds Weigh In On Comstock Holding Companies
Several large investors have recently bought and sold shares of CHCI. Barclays PLC bought a new position in shares of Comstock Holding Companies during the 4th quarter worth about $40,000. Geode Capital Management LLC grew its position in 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 buying an additional 4,433 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 acquiring an additional 2,100 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 1,888 shares in 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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