Southland (NASDAQ:SLND) Trading 13.4% Higher – Time to Buy?

Southland Holdings, Inc. (NASDAQ:SLND) shares rose 13.4% during mid-day trading on Tuesday . The company traded as high as $3.85 and last traded at $3.73. Approximately 52,650 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 52,556 shares. The stock had previously closed at $3.29.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “neutral” rating and set a $4.00 target price on shares of Southland in a report on Tuesday, August 19th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.00.

Southland Price Performance

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.00. The company has a market cap of $201.84 million, a PE ratio of -1.67 and a beta of 1.08. The firm has a 50 day moving average of $4.03 and a two-hundred day moving average of $4.14.

Hedge Funds Weigh In On Southland

Institutional investors and hedge funds have recently modified their holdings of the stock. Gendell Jeffrey L raised its position in shares of Southland by 6.7% in the 2nd quarter. Gendell Jeffrey L now owns 741,563 shares of the company’s stock worth $3,100,000 after purchasing an additional 46,797 shares during the last quarter. Vanguard Group Inc. increased its stake in Southland by 106.7% during the 3rd quarter. Vanguard Group Inc. now owns 623,185 shares of the company’s stock valued at $2,673,000 after purchasing an additional 321,678 shares in the last quarter. National Bank of Canada FI purchased a new position in Southland in the third quarter worth about $515,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Southland by 28.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 103,917 shares of the company’s stock worth $311,000 after buying an additional 23,004 shares in the last quarter. Finally, AWH Capital L.P. bought a new position in shares of Southland in the second quarter worth approximately $397,000. 2.85% of the stock is currently owned by institutional investors.

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.