DA Davidson reaffirmed their neutral rating on shares of Southland (NASDAQ:SLND – Free Report) in a report published on Tuesday,Benzinga reports. DA Davidson currently has a $4.00 target price on the stock.
Southland Stock Up 1.8%
Shares of NASDAQ:SLND opened at $4.05 on Tuesday. The stock’s 50-day moving average price is $4.27 and its two-hundred day moving average price is $3.65. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.00. Southland has a 12-month low of $1.85 and a 12-month high of $4.90. The firm has a market cap of $219.16 million, a price-to-earnings ratio of -1.82 and a beta of 0.94.
Institutional Trading of Southland
Hedge funds have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Southland in the 1st quarter worth about $39,000. Jane Street Group LLC acquired a new stake in Southland in the 4th quarter worth about $40,000. Rhumbline Advisers lifted its stake in shares of Southland by 49.3% in the 1st quarter. Rhumbline Advisers now owns 14,080 shares of the company’s stock valued at $42,000 after purchasing an additional 4,649 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Southland in the 1st quarter valued at about $42,000. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Southland by 40.0% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 17,500 shares of the company’s stock valued at $73,000 after purchasing an additional 5,000 shares in the last quarter. 2.85% of the stock is 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.
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