Southland (NASDAQ:SLND) Shares Up 13.4% – Still a Buy?

Southland Holdings, Inc. (NASDAQ:SLND) shares traded up 13.4% on Tuesday . The stock traded as high as $3.85 and last traded at $3.73. 52,650 shares were traded during trading, an increase of 0% from the average session volume of 52,556 shares. The stock had previously closed at $3.29.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “neutral” rating and issued a $4.00 price target on shares of Southland in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Southland currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Southland Stock Performance

The business has a fifty day moving average of $4.03 and a 200 day moving average of $4.14. The company has a market cap of $201.84 million, a P/E ratio of -1.67 and a beta of 1.08. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00.

Institutional Investors Weigh In On Southland

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of Southland during the first quarter valued at about $39,000. AQR Capital Management LLC bought a new stake in Southland during the 1st quarter valued at approximately $42,000. Rhumbline Advisers boosted its position in Southland by 49.3% during the 1st quarter. Rhumbline Advisers now owns 14,080 shares of the company’s stock valued at $42,000 after acquiring an additional 4,649 shares in the last quarter. Strs Ohio bought a new position in shares of Southland in the 3rd quarter worth approximately $57,000. Finally, Thompson Davis & CO. Inc. raised its position 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 worth $73,000 after acquiring an additional 5,000 shares in the last quarter. 2.85% of the stock is owned by hedge funds and other institutional investors.

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.