Comstock Holding Companies (NASDAQ:CHCI) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Comstock Holding Companies (NASDAQ:CHCI) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Comstock Holding Companies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $16.85 on Friday. The firm has a market capitalization of $173.22 million, a PE ratio of 8.46 and a beta of -0.42. The business has a 50-day moving average of $19.01 and a two-hundred day moving average of $16.18. Comstock Holding Companies has a 12 month low of $10.14 and a 12 month high of $22.07.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings data on Thursday, November 5th. The construction company reported $0.06 EPS for the quarter. The company had revenue of $17.86 million for the quarter. Comstock Holding Companies had a return on equity of 35.60% and a net margin of 32.16%.

Hedge Funds Weigh In On Comstock Holding Companies

Several hedge funds and other institutional investors have recently bought and sold shares of CHCI. Pekin Hardy Strauss Inc. purchased a new stake in Comstock Holding Companies during the 3rd quarter worth $568,000. Integrated Wealth Concepts LLC acquired a new position in Comstock Holding Companies in the 2nd quarter worth $45,000. Navellier & Associates Inc. boosted its position in Comstock Holding Companies by 159.2% in the 2nd quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock valued at $601,000 after buying an additional 23,072 shares during the last quarter. Corsair Capital Management L.P. boosted its position in Comstock Holding Companies by 8.4% in the 1st quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock valued at $933,000 after buying an additional 3,800 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Comstock Holding Companies by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock valued at $3,418,000 after buying an additional 3,213 shares during the last quarter. 6.45% of the stock is owned by institutional investors and hedge funds.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc is a real estate development and asset management company focused on mixed-use and transit-oriented properties. The company plans, develops, owns, operates and manages residential, office, retail, entertainment and hospitality assets, with an emphasis on creating walkable, amenity-rich communities.

Comstock’s activities are concentrated primarily in the Washington, DC, metropolitan area, particularly Northern Virginia. Its portfolio and development projects have included large-scale urban communities such as Reston Station, which combines multifamily housing, office space, retail, dining, entertainment and public amenities near major transportation infrastructure.

The company has a history dating to the 1980s and has evolved from a residential and land development business into an integrated real estate platform.