Southland (NASDAQ:SLND) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Southland (NASDAQ:SLND) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

Southland Stock Performance

SLND stock opened at $1.22 on Thursday. The firm has a 50 day simple moving average of $1.52 and a 200 day simple moving average of $3.07. Southland has a 52 week low of $0.65 and a 52 week high of $5.34. The stock has a market cap of $66.02 million, a P/E ratio of -0.55 and a beta of 1.30. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.48 and a current ratio of 1.48.

Hedge Funds Weigh In On Southland

A number of hedge funds have recently modified their holdings of SLND. Rhumbline Advisers raised its holdings in shares of Southland by 49.3% during the first quarter. Rhumbline Advisers now owns 14,080 shares of the company’s stock worth $42,000 after acquiring an additional 4,649 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Southland by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 30,613 shares of the company’s stock valued at $92,000 after purchasing an additional 4,724 shares in the last quarter. State Street Corp increased its position in Southland by 14.7% in the 4th quarter. State Street Corp now owns 59,003 shares of the company’s stock worth $196,000 after purchasing an additional 7,563 shares during the last quarter. Strs Ohio acquired a new position in Southland in the 3rd quarter worth about $57,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Southland during the 1st quarter worth about $42,000. 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. 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.