30,000 Shares in Comstock Holding Companies, Inc. $CHCI Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new stake in Comstock Holding Companies, Inc. (NASDAQ:CHCI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the construction company’s stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHCI. Navellier & Associates Inc. grew its holdings in Comstock Holding Companies by 159.2% during the second quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock valued at $601,000 after purchasing an additional 23,072 shares during the period. Corsair Capital Management L.P. increased its position in Comstock Holding Companies by 8.4% in the first quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock worth $933,000 after buying an additional 3,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Comstock Holding Companies by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company’s stock worth $964,000 after buying an additional 3,704 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Comstock Holding Companies by 1.8% in the first 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 period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Comstock Holding Companies in the second quarter valued at $45,000. 6.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CHCI. Weiss Ratings raised Comstock Holding Companies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Wall Street Zen lowered Comstock Holding Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy”.

Comstock Holding Companies Stock Down 3.9%

NASDAQ CHCI opened at $17.88 on Friday. The company’s 50 day moving average is $19.07 and its 200-day moving average is $16.15. Comstock Holding Companies, Inc. has a 12-month low of $10.14 and a 12-month high of $22.07. The firm has a market cap of $183.81 million, a P/E ratio of 7.54 and a beta of -0.42.

Comstock Holding Companies (NASDAQ:CHCI) last announced its quarterly earnings results 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 net margin of 30.43% and a return on equity of 33.50%.

Comstock Holding Companies 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.