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

Equities research analysts at StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI – Get Rating) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the construction company’s stock.

Comstock Holding Companies Stock Performance

CHCI opened at $4.11 on Wednesday. Comstock Holding Companies has a 1-year low of $3.59 and a 1-year high of $6.94. The company has a 50-day moving average of $4.60 and a 200-day moving average of $4.54. The company has a market capitalization of $39.62 million, a P/E ratio of 4.78 and a beta of 1.05.

Comstock Holding Companies (NASDAQ:CHCI – Get Rating) last posted its earnings results on Wednesday, March 29th. The construction company reported $0.13 EPS for the quarter. The firm had revenue of $9.30 million during the quarter. Comstock Holding Companies had a net margin of 14.15% and a return on equity of 21.56%.

Institutional Trading of Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Dimensional Fund Advisors LP boosted its holdings in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI – Get Rating) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,441 shares of the construction company’s stock after purchasing an additional 5,849 shares during the period. Dimensional Fund Advisors LP owned approximately 0.33% of Comstock Holding Companies worth $134,000 at the end of the most recent quarter. 6.09% of the stock is currently owned by institutional investors.

About Comstock Holding Companies

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Comstock Holding Cos., Inc engages in the development of real estate properties and provision of asset management services. It operates through the following segments: Asset Management and Real Estate Services. The Asset Management segment management provides services to real estate assets and businesses that include commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and urban transit-oriented development.