StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI - Free Report) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the construction company's stock.
Comstock Holding Companies Stock Performance
Shares of CHCI stock traded up $0.44 during mid-day trading on Tuesday, hitting $10.45. 76,312 shares of the stock traded hands, compared to its average volume of 24,027. The firm has a market cap of $104.98 million, a price-to-earnings ratio of 17.71 and a beta of 0.39. The company's 50-day simple moving average is $8.13 and its 200-day simple moving average is $8.81. Comstock Holding Companies has a twelve month low of $5.90 and a twelve month high of $14.48.
Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The construction company reported $0.99 earnings per share for the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%. The company had revenue of $16.91 million during the quarter. During the same period in the previous year, the company posted $0.18 earnings per share.
Institutional Investors Weigh In On Comstock Holding Companies
A number of large investors have recently made changes to their positions in CHCI. 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 valued at $272,000 after purchasing an additional 1,888 shares during the period. Barclays PLC purchased a new stake in Comstock Holding Companies in the 4th quarter worth about $40,000. Renaissance Technologies LLC boosted its position in Comstock Holding Companies by 1.4% during 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 during the period. Finally, Geode Capital Management LLC grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 6.45% of the company's stock.
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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