Southland (NASDAQ:SLND) Trading Up 4.6% – Time to Buy?

Southland Holdings, Inc. (NASDAQ:SLND)’s share price traded up 4.6% on Wednesday . The stock traded as high as $0.7007 and last traded at $0.6944. 106,822 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 294,005 shares. The stock had previously closed at $0.6637.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Southland from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.00.

Southland Stock 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 capitalization of $37.65 million, a price-to-earnings ratio of -0.31 and a beta of 0.58. The stock’s fifty day simple moving average is $1.06 and its 200-day simple moving average is $1.67.

Hedge Funds Weigh In On Southland

Large investors have recently bought and sold shares of the business. Gendell Jeffrey L increased its holdings in shares of Southland by 52.4% in the 4th quarter. Gendell Jeffrey L now owns 1,899,940 shares of the company’s stock valued at $6,308,000 after acquiring an additional 653,311 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Southland by 106.7% in the third 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. Essex Investment Management Co. LLC purchased a new position in Southland in the fourth quarter valued at approximately $1,579,000. AWH Capital L.P. increased its stake in Southland by 141.7% in the fourth quarter. AWH Capital L.P. now owns 350,500 shares of the company’s stock valued at $1,164,000 after purchasing an additional 205,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Southland by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 282,476 shares of the company’s stock worth $938,000 after purchasing an additional 19,196 shares in the last quarter. Hedge funds and other institutional investors own 2.85% of the company’s stock.

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. The Transportation segment designs and constructs bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities, as well as convention centers, sports stadiums, marine facilities, and ferris wheels.