Comstock Holding Companies, Inc. (NASDAQ:CHCI - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.80 and traded as low as $8.70. Comstock Holding Companies shares last traded at $9.59, with a volume of 36,061 shares.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Comstock Holding Companies in a research note on Tuesday. They issued a "hold" rating on the stock.
Get Our Latest Research Report on Comstock Holding Companies
Comstock Holding Companies Trading Up 4.4 %
The firm has a market cap of $104.98 million, a P/E ratio of 17.71 and a beta of 0.39. The firm's 50 day moving average is $8.13 and its two-hundred day moving average is $8.81.
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. The company had revenue of $16.91 million for the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. During the same period in the prior year, the business earned $0.18 earnings per share.
Hedge Funds Weigh In On Comstock Holding Companies
Several institutional investors and hedge funds have recently modified their holdings of CHCI. Barclays PLC acquired a new position in shares of Comstock Holding Companies in the fourth quarter valued at approximately $40,000. Dimensional Fund Advisors LP lifted its position 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. Renaissance Technologies LLC boosted its stake in 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 purchasing an additional 2,100 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Comstock Holding Companies by 2.6% during the 4th 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. 6.45% of the stock is currently owned by institutional investors and hedge funds.
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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