Stock analysts at StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) in a report issued on Wednesday. The brokerage set a "hold" rating on the construction company's stock.
Comstock Holding Companies Price Performance
Shares of NASDAQ CHCI traded down $0.38 during trading hours on Wednesday, hitting $7.02. 10,803 shares of the company's stock were exchanged, compared to its average volume of 13,600. Comstock Holding Companies has a 1-year low of $4.60 and a 1-year high of $14.48. The stock has a market capitalization of $69.42 million, a price-to-earnings ratio of 11.90 and a beta of 0.66. The company's 50-day moving average price is $8.05 and its 200-day moving average price is $8.73.
Hedge Funds Weigh In On Comstock Holding Companies
Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of 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 during 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. Dimensional Fund Advisors LP increased its stake in Comstock Holding Companies by 5.9% during the fourth 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 during the period. Finally, Barclays PLC bought a new position in Comstock Holding Companies during the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 6.45% of the company's stock.
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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