Comstock Holding Companies (NASDAQ:CHCI) Shares Pass Below 200 Day Moving Average – What’s Next?

Comstock Holding Companies, Inc. (NASDAQ:CHCI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.46 and traded as low as $13.11. Comstock Holding Companies shares last traded at $13.50, with a volume of 33,703 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHCI shares. Wall Street Zen lowered Comstock Holding Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comstock Holding Companies in a research note on Monday, December 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Comstock Holding Companies presently has a consensus rating of “Hold”.

Comstock Holding Companies Stock Down 4.8%

The business has a fifty day moving average of $14.08 and a 200 day moving average of $13.51. The firm has a market cap of $129.66 million, a P/E ratio of 9.66 and a beta of -0.01.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings data on Thursday, November 13th. The construction company reported $0.05 earnings per share (EPS) for the quarter. Comstock Holding Companies had a return on equity of 25.53% and a net margin of 24.90%.The company had revenue of $13.65 million during the quarter.

Hedge Funds Weigh In On Comstock Holding Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Comstock Holding Companies by 2,573.9% in the third quarter. NewEdge Advisors LLC now owns 12,273 shares of the construction company’s stock valued at $172,000 after purchasing an additional 11,814 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Comstock Holding Companies during the 3rd quarter worth about $244,000. Citadel Advisors LLC acquired a new position in Comstock Holding Companies in the 3rd quarter valued at about $248,000. Dimensional Fund Advisors LP raised its holdings in Comstock Holding Companies by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,775 shares of the construction company’s stock valued at $543,000 after acquiring an additional 2,704 shares during the period. Finally, Truffle Hound Capital LLC raised its holdings in Comstock Holding Companies by 130.1% in the 3rd quarter. Truffle Hound Capital LLC now owns 261,292 shares of the construction company’s stock valued at $3,661,000 after acquiring an additional 147,738 shares during the period. 6.45% of the stock is owned by institutional investors.

Comstock Holding Companies Company Profile

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.