Comstock Holding Companies (NASDAQ:CHCI) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the construction company’s stock.

Comstock Holding Companies Trading Down 2.8 %

Comstock Holding Companies stock opened at $7.91 on Tuesday. Comstock Holding Companies has a 12 month low of $4.55 and a 12 month high of $14.48. The stock has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $8.70. The firm has a market cap of $78.22 million, a price-to-earnings ratio of 13.41 and a beta of 0.66.

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds and other institutional investors have recently bought and sold shares of CHCI. Barclays PLC bought a new stake in shares of Comstock Holding Companies in the fourth quarter worth approximately $40,000. Dimensional Fund Advisors LP boosted its holdings in Comstock Holding Companies by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,042 shares of the construction company’s stock worth $272,000 after purchasing an additional 1,888 shares during the last quarter. Renaissance Technologies LLC grew its position 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 purchasing an additional 2,100 shares during the period. Finally, Geode Capital Management LLC raised 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 buying an additional 4,433 shares during the last quarter. Institutional investors own 6.45% of the company’s stock.

About Comstock Holding Companies

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.