StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the construction company's stock.
Comstock Holding Companies Stock Up 19.8 %
CHCI stock traded up $1.53 during midday trading on Friday, reaching $9.27. 118,185 shares of the company's stock traded hands, compared to its average volume of 22,730. The firm's fifty day moving average price is $7.71 and its 200-day moving average price is $8.73. Comstock Holding Companies has a 52 week low of $5.00 and a 52 week high of $14.48. The company has a market cap of $91.67 million, a price-to-earnings ratio of 15.71 and a beta of 0.62.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its 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 company had revenue of $16.91 million for the quarter. During the same quarter in the prior year, the business earned $0.18 EPS.
Institutional Trading of Comstock Holding Companies
Institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new position in Comstock Holding Companies during the fourth quarter worth about $40,000. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $272,000 after buying an additional 1,888 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 worth $1,224,000 after buying an additional 2,100 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Comstock Holding Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 174,550 shares of the construction company's stock valued at $1,395,000 after acquiring an additional 4,433 shares in the last quarter. Institutional investors own 6.45% of the company's stock.
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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