StockNews.com Begins Coverage on Comstock Holding Companies (NASDAQ:CHCI)

Research analysts at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report released on Tuesday. The brokerage set a “hold” rating on the construction company’s stock.

Comstock Holding Companies Price Performance

Shares of NASDAQ CHCI opened at $7.91 on Tuesday. Comstock Holding Companies has a 1 year low of $4.55 and a 1 year high of $14.48. The firm has a 50-day moving average of $8.17 and a 200 day moving average of $8.70. The stock has a market cap of $78.22 million, a P/E ratio of 13.41 and a beta of 0.66.

Institutional Trading of Comstock Holding Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in Comstock Holding Companies in the fourth quarter worth $40,000. Dimensional Fund Advisors LP raised its position in shares of 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 worth $272,000 after purchasing an additional 1,888 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of 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 last quarter. Finally, Geode Capital Management LLC boosted its stake 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 worth $1,395,000 after purchasing an additional 4,433 shares in the last quarter. Hedge funds and other institutional investors own 6.45% of the company’s stock.

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.