StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research note published on Tuesday morning. The brokerage issued a hold rating on the construction company's stock.
Comstock Holding Companies Price Performance
Shares of NASDAQ:CHCI traded up $0.04 during midday trading on Tuesday, reaching $7.80. 21,062 shares of the company's stock were exchanged, compared to its average volume of 14,743. The firm's 50 day simple moving average is $8.13 and its two-hundred day simple moving average is $8.69. The stock has a market cap of $77.14 million, a price-to-earnings ratio of 13.22 and a beta of 0.66. Comstock Holding Companies has a fifty-two week low of $4.55 and a fifty-two week high of $14.48.
Hedge Funds Weigh In On Comstock Holding Companies
Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew 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 grew its position 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 valued at $1,224,000 after acquiring an additional 2,100 shares in the last quarter. Geode Capital Management LLC grew its position in Comstock Holding Companies by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company's stock valued at $1,700,000 after acquiring an additional 4,371 shares in the last quarter. Finally, Barclays PLC acquired a new position in Comstock Holding Companies in the 4th quarter valued at about $40,000. 6.45% of the stock is 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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