Citadel Advisors LLC Acquires New Stake in Comstock Holding Companies Inc (NASDAQ:CHCI)

Citadel Advisors LLC acquired a new stake in shares of Comstock Holding Companies Inc (NASDAQ:CHCI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,193 shares of the construction company’s stock, valued at approximately $56,000. Citadel Advisors LLC owned about 0.55% of Comstock Holding Companies as of its most recent SEC filing.

Separately, Bronfman E.L. Rothschild L.P. boosted its stake in Comstock Holding Companies by 40.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 20,774 shares of the construction company’s stock worth $55,000 after buying an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 2.76% of the company’s stock.

Shares of NASDAQ:CHCI opened at $1.90 on Friday. The stock’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $2.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.58 and a quick ratio of 0.58. Comstock Holding Companies Inc has a 12-month low of $1.62 and a 12-month high of $3.12.

Comstock Holding Companies (NASDAQ:CHCI) last issued its quarterly earnings results on Monday, August 19th. The construction company reported ($0.01) earnings per share (EPS) for the quarter. Comstock Holding Companies had a negative return on equity of 34,399.60% and a negative net margin of 5.96%. The business had revenue of $4.92 million during the quarter.

Separately, ValuEngine raised Comstock Holding Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc operates as a real estate development and services company primarily in the mid-Atlantic region, the United States. It operates through three segments: Homebuilding, Asset Management, and Real Estate Services. The company builds multi-family units, single-family homes, townhouses, mid-rise and high-rise condominiums, and mixed-use developments.

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