Southland (NASDAQ:SLND) Price Target Cut to $5.00 by Analysts at Craig Hallum

Southland (NASDAQ:SLND) had its price target cut by Craig Hallum from $9.00 to $5.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Southland Stock Performance

Shares of NASDAQ:SLND traded up $0.02 during midday trading on Thursday, hitting $2.93. The stock had a trading volume of 10,005 shares, compared to its average volume of 43,762. The company’s 50-day moving average price is $3.50 and its 200-day moving average price is $4.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.27 and a quick ratio of 1.27. Southland has a fifty-two week low of $1.85 and a fifty-two week high of $6.16.

Southland (NASDAQ:SLND) last issued its earnings results on Tuesday, November 12th. The company reported ($1.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($1.05). The firm had revenue of $173.32 million during the quarter. Southland had a negative net margin of 10.38% and a negative return on equity of 43.46%.

Hedge Funds Weigh In On Southland

A number of institutional investors have recently added to or reduced their stakes in SLND. Verus Capital Partners LLC bought a new stake in Southland during the 3rd quarter worth approximately $344,000. Tectonic Advisors LLC grew its holdings in Southland by 5.8% during the 3rd quarter. Tectonic Advisors LLC now owns 103,253 shares of the company’s stock worth $382,000 after acquiring an additional 5,692 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Southland by 111.8% during the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock worth $147,000 after acquiring an additional 16,999 shares during the last quarter. Rhumbline Advisers grew its holdings in Southland by 125.3% during the 2nd quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock worth $42,000 after acquiring an additional 5,122 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Southland during the 2nd quarter worth approximately $99,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

Southland Company Profile

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.