StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research note issued to investors on Monday. The brokerage issued a buy rating on the construction company's stock.
Separately, TheStreet lowered shares of Comstock Holding Companies from a b- rating to a c+ rating in a research report on Tuesday, March 12th.
Check Out Our Latest Research Report on CHCI
Comstock Holding Companies Stock Performance
NASDAQ:CHCI traded up $0.12 during midday trading on Monday, reaching $5.40. 16,604 shares of the stock traded hands, compared to its average volume of 5,579. Comstock Holding Companies has a 12-month low of $3.47 and a 12-month high of $6.54. The business has a 50-day moving average of $4.83 and a two-hundred day moving average of $4.58. The stock has a market capitalization of $52.97 million, a PE ratio of 6.95 and a beta of 0.85.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The construction company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $11.02 million during the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%.
Hedge Funds Weigh In On Comstock Holding Companies
Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in Comstock Holding Companies by 3.8% during the second quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company's stock worth $668,000 after purchasing an additional 5,800 shares during the period. Royal Bank of Canada raised its stake in Comstock Holding Companies by 56.0% during the second quarter. Royal Bank of Canada now owns 32,126 shares of the construction company's stock worth $134,000 after purchasing an additional 11,526 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Comstock Holding Companies by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company's stock worth $134,000 after purchasing an additional 5,849 shares during the period. 6.45% of the stock is owned by hedge funds and other institutional investors.
Comstock Holding Companies Company Profile
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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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