Comstock Holding Companies (NASDAQ:CHCI) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Comstock Holding Companies (NASDAQ:CHCI) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Comstock Holding Companies Stock Performance

Comstock Holding Companies stock opened at $8.52 on Tuesday. The firm has a market capitalization of $84.25 million, a price-to-earnings ratio of 15.12 and a beta of 0.64. Comstock Holding Companies has a fifty-two week low of $3.93 and a fifty-two week high of $14.48. The stock’s fifty day moving average is $10.06 and its two-hundred day moving average is $8.06.

Hedge Funds Weigh In On Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC boosted its stake in Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,117 shares of the construction company’s stock after buying an additional 4,371 shares during the quarter. Geode Capital Management LLC owned approximately 1.73% of Comstock Holding Companies worth $1,700,000 as of its most recent filing with the SEC. 6.45% of the stock is owned by hedge funds and other institutional investors.

Comstock Holding Companies Company Profile

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.