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

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

Southland Stock Up 0.7 %

Shares of NASDAQ:SLND traded up $0.02 during midday trading on Thursday, reaching $2.93. 10,005 shares of the company were exchanged, compared to its average volume of 43,762. Southland has a fifty-two week low of $1.85 and a fifty-two week high of $6.16. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $3.50 and a two-hundred day simple moving average of $4.13.

Southland (NASDAQ:SLND) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($1.05). Southland had a negative return on equity of 43.46% and a negative net margin of 10.38%. The company had revenue of $173.32 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its holdings 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 buying an additional 5,122 shares during the period. Bank of New York Mellon Corp bought a new stake in Southland in the 2nd quarter valued at about $99,000. Renaissance Technologies LLC boosted its holdings in Southland by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock valued at $147,000 after purchasing an additional 16,999 shares during the period. Verus Capital Partners LLC bought a new stake in Southland in the 3rd quarter valued at about $344,000. Finally, Kennedy Capital Management LLC boosted its holdings in Southland by 62.9% in the 1st quarter. Kennedy Capital Management LLC now owns 71,781 shares of the company’s stock valued at $370,000 after purchasing an additional 27,713 shares during the period. 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.