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

StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research note released on Tuesday. The brokerage issued a buy rating on the construction company’s stock.

Separately, TheStreet downgraded shares of Comstock Holding Companies from a b- rating to a c+ rating in a research note on Tuesday, March 12th.

Comstock Holding Companies Stock Up 5.6 %

NASDAQ:CHCI opened at $7.18 on Tuesday. The company has a market cap of $70.41 million, a P/E ratio of 9.45 and a beta of 0.85. Comstock Holding Companies has a fifty-two week low of $3.47 and a fifty-two week high of $7.20. The firm’s 50 day moving average is $5.12 and its two-hundred day moving average is $4.68.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings results on Thursday, March 21st. The construction company reported $0.18 earnings per share for the quarter. The company had revenue of $11.02 million for the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%.

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds and other institutional investors have recently made changes to their positions in CHCI. Royal Bank of Canada lifted its holdings in shares of Comstock Holding Companies by 56.0% during the 2nd quarter. Royal Bank of Canada now owns 32,126 shares of the construction company’s stock valued at $134,000 after acquiring an additional 11,526 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Comstock Holding Companies by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company’s stock valued at $134,000 after acquiring an additional 5,849 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Comstock Holding Companies by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company’s stock valued at $668,000 after acquiring an additional 5,800 shares in the last quarter. Institutional investors and hedge funds 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.