Investment analysts at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "buy" rating on the construction company's stock.
Comstock Holding Companies Stock Up 4.8 %
Shares of CHCI stock traded up $0.48 during trading on Wednesday, reaching $10.52. 27,877 shares of the company's stock were exchanged, compared to its average volume of 23,086. The firm's fifty day moving average price is $8.41 and its 200-day moving average price is $8.76. Comstock Holding Companies has a twelve month low of $5.90 and a twelve month high of $14.48. The stock has a market capitalization of $105.68 million, a PE ratio of 17.83 and a beta of 0.39.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share (EPS) for the quarter. The company 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 quarter in the prior year, the business posted $0.18 EPS.
Institutional Trading of Comstock Holding Companies
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 1,888 shares during the period. Barclays PLC bought a new position in Comstock Holding Companies in the 4th quarter valued at about $40,000. 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 valued at $1,224,000 after buying an additional 2,100 shares during the period. Finally, Geode Capital Management LLC increased its holdings in 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 buying an additional 4,433 shares during the period. 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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