Comstock Holding Companies (NASDAQ:CHCI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report released on Thursday morning. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Stock Up 1.9 %

CHCI stock opened at $7.14 on Thursday. The business’s fifty day moving average is $7.96 and its 200-day moving average is $8.72. The company has a market cap of $70.65 million, a P/E ratio of 12.11 and a beta of 0.66. Comstock Holding Companies has a twelve month low of $4.60 and a twelve month high of $14.48.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Comstock Holding Companies by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 170,117 shares of the construction company’s stock valued at $1,700,000 after purchasing an additional 4,371 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 valued at $272,000 after purchasing an additional 1,888 shares during the period. Barclays PLC acquired a new position in shares of Comstock Holding Companies in the 4th quarter valued at $40,000. Finally, Renaissance Technologies LLC lifted its stake 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 valued at $1,224,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds 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.