Comstock Holding Companies, Inc. (NASDAQ:CHCI – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.44 and traded as low as $8.22. Comstock Holding Companies shares last traded at $8.30, with a volume of 13,515 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Comstock Holding Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.
Read Our Latest Stock Report on CHCI
Comstock Holding Companies Stock Performance
Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last announced its earnings results on Thursday, November 7th. The construction company reported $0.23 earnings per share for the quarter. The company had revenue of $13.00 million during the quarter. Comstock Holding Companies had a net margin of 13.44% and a return on equity of 15.65%.
Hedge Funds Weigh In On Comstock Holding Companies
An institutional investor recently raised its position in Comstock Holding Companies stock. Geode Capital Management LLC grew its position in Comstock Holding Companies, Inc. (NASDAQ:CHCI – Free Report) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,117 shares of the construction company’s stock after purchasing an additional 4,371 shares during the period. Geode Capital Management LLC owned approximately 1.73% of Comstock Holding Companies worth $1,700,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.
About Comstock Holding Companies
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.
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