Southland (NASDAQ:SLND) Stock Price Down 1.2% – What’s Next?

Southland Holdings, Inc. (NASDAQ:SLND)’s share price dropped 1.2% on Tuesday . The company traded as low as $3.18 and last traded at $3.19. Approximately 20,725 shares changed hands during trading, a decline of 21% from the average daily volume of 26,181 shares. The stock had previously closed at $3.23.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their price target on shares of Southland from $9.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Southland Stock Performance

The stock’s 50-day moving average is $3.29 and its 200-day moving average is $3.43. The firm has a market capitalization of $153.46 million, a price-to-earnings ratio of -1.43 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.00.

Hedge Funds Weigh In On Southland

A number of institutional investors have recently added to or reduced their stakes in SLND. Jane Street Group LLC acquired a new position in Southland in the 4th quarter valued at approximately $40,000. Barclays PLC increased its position in Southland by 214.0% in the 3rd quarter. Barclays PLC now owns 13,623 shares of the company’s stock valued at $50,000 after acquiring an additional 9,284 shares during the period. JPMorgan Chase & Co. increased its position in Southland by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,191 shares of the company’s stock valued at $71,000 after acquiring an additional 13,043 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in Southland in the 3rd quarter valued at approximately $72,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Southland during the fourth quarter worth $95,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

About Southland

Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.