StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the construction company's stock.
Comstock Holding Companies Price Performance
Comstock Holding Companies stock traded up $0.44 during mid-day trading on Tuesday, reaching $10.45. 76,312 shares of the stock traded hands, compared to its average volume of 24,193. Comstock Holding Companies has a 12-month low of $5.90 and a 12-month high of $14.48. The business's 50-day moving average is $8.13 and its 200-day moving average is $8.82. The stock has a market capitalization of $104.98 million, a PE ratio of 17.71 and a beta of 0.39.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The construction company reported $0.99 EPS for the quarter. The firm had revenue of $16.91 million during 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 previous year, the company earned $0.18 EPS.
Hedge Funds Weigh In On Comstock Holding Companies
A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC purchased a new stake in Comstock Holding Companies in the fourth quarter worth about $40,000. Geode Capital Management LLC grew its stake 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 valued at $1,395,000 after acquiring an additional 4,433 shares during the period. Renaissance Technologies LLC increased its holdings 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 acquiring an additional 2,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 1,888 shares during the period. 6.45% of the stock is owned by institutional investors.
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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