Southland (NASDAQ:SLND) Given New $5.00 Price Target at Craig Hallum

Southland (NASDAQ:SLND) had its price objective lowered by Craig Hallum from $9.00 to $5.00 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Southland Stock Performance

NASDAQ SLND opened at $2.98 on Thursday. Southland has a 52-week low of $1.85 and a 52-week high of $6.16. The stock has a market cap of $143.37 million, a PE ratio of -1.34 and a beta of 0.76. The firm has a 50-day moving average of $3.47 and a 200-day moving average of $4.11. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.27 and a current ratio of 1.48.

Southland (NASDAQ:SLND) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($1.05). Southland had a negative return on equity of 47.71% and a negative net margin of 10.38%. The firm had revenue of $173.32 million for the quarter. On average, sell-side analysts anticipate that Southland will post -2.68 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLND. Raymond James Trust N.A. bought a new stake in shares of Southland in the second quarter valued at about $6,813,000. Renaissance Technologies LLC raised its stake in Southland by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock worth $147,000 after purchasing an additional 16,999 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Southland in the 2nd quarter valued at about $99,000. Rhumbline Advisers grew its position in shares of Southland by 125.3% during the 2nd quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock worth $42,000 after purchasing an additional 5,122 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of Southland by 62.9% during the first quarter. Kennedy Capital Management LLC now owns 71,781 shares of the company’s stock worth $370,000 after purchasing an additional 27,713 shares during the period. 2.85% of the stock is owned by institutional investors and hedge funds.

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.