Comstock Holding Companies (NASDAQ:CHCI) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Comstock Holding Companies (NASDAQ:CHCI) from a buy rating to a hold rating in a report published on Tuesday.

Comstock Holding Companies Stock Down 4.2 %

CHCI opened at $8.52 on Tuesday. The firm has a market capitalization of $84.25 million, a P/E ratio of 15.12 and a beta of 0.64. The stock has a fifty day moving average of $10.06 and a 200-day moving average of $8.06. Comstock Holding Companies has a 12-month low of $3.93 and a 12-month high of $14.48.

Institutional Investors Weigh In On Comstock Holding Companies

An institutional investor recently raised its position in Comstock Holding Companies stock. Geode Capital Management LLC increased its position in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,117 shares of the construction company’s stock after acquiring an additional 4,371 shares during the period. Geode Capital Management LLC owned about 1.73% of Comstock Holding Companies worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission. 6.45% of the stock is currently owned by institutional investors.

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.