StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a report issued on Monday morning. The brokerage issued a hold rating on the construction company's stock.
Comstock Holding Companies Trading Down 3.2 %
NASDAQ CHCI traded down $0.28 on Monday, reaching $8.45. 50,163 shares of the company were exchanged, compared to its average volume of 24,023. The business's fifty day moving average price is $7.95 and its 200 day moving average price is $8.81. The stock has a market capitalization of $84.89 million, a P/E ratio of 14.32 and a beta of 0.39. Comstock Holding Companies has a fifty-two week low of $5.90 and a fifty-two week high of $14.48.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced 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 net margin of 13.44% and a return on equity of 15.65%. The firm had revenue of $16.91 million for the quarter. During the same period in the previous year, the firm posted $0.18 EPS.
Institutional Trading of Comstock Holding Companies
Several institutional investors have recently made changes to their positions in CHCI. Barclays PLC purchased a new position in Comstock Holding Companies in the fourth quarter worth approximately $40,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 4,433 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Comstock Holding Companies by 1.4% during the 4th 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 1,888 shares during the period. Hedge funds and other institutional investors own 6.45% of the company's stock.
Comstock Holding Companies Company Profile
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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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