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

StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCIFree Report) in a research note issued to investors on Monday. The firm issued a buy rating on the construction company’s stock.

Comstock Holding Companies Price Performance

Shares of CHCI opened at $4.73 on Monday. The company has a market capitalization of $45.64 million, a price-to-earnings ratio of 6.66 and a beta of 0.86. Comstock Holding Companies has a fifty-two week low of $3.47 and a fifty-two week high of $6.94. The business’s 50-day moving average is $4.54 and its 200-day moving average is $4.46.

Hedge Funds Weigh In On Comstock Holding Companies

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of Comstock Holding Companies by 56.0% in the 2nd quarter. Royal Bank of Canada now owns 32,126 shares of the construction company’s stock valued at $134,000 after purchasing an additional 11,526 shares during the period. Renaissance Technologies LLC increased its holdings in Comstock Holding Companies by 3.8% in the second quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company’s stock worth $668,000 after buying an additional 5,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Comstock Holding Companies by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company’s stock worth $134,000 after buying an additional 5,849 shares during the last quarter. Institutional investors and hedge funds own 6.40% of the company’s stock.

About Comstock Holding Companies

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Comstock Holding Companies, Inc operates as a real estate asset manager 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 provides a suite of asset management, property management, development and construction management, and other real estate services to its asset-owning clients composes primarily of institutional real estate investors, high net worth family offices, and governmental bodies with surplus real estate holdings.

Further Reading

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