Southland (NASDAQ:SLND) Price Target Lowered to $5.00 at Craig Hallum

Southland (NASDAQ:SLND) had its price target reduced by stock analysts at Craig Hallum from $9.00 to $5.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s price target would indicate a potential upside of 67.79% from the company’s current price.

Southland Stock Performance

Southland stock opened at $2.98 on Thursday. The firm has a 50 day simple moving average of $3.48 and a 200-day simple moving average of $4.12. The stock has a market cap of $143.36 million, a price-to-earnings ratio of -1.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.27 and a quick ratio of 1.27. Southland has a 1-year low of $1.85 and a 1-year high of $6.16.

Southland (NASDAQ:SLND) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($1.14) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $173.32 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of Southland by 125.3% during the second quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock valued at $42,000 after acquiring an additional 5,122 shares during the last quarter. Barclays PLC increased its holdings in Southland by 214.0% in the 3rd quarter. Barclays PLC now owns 13,623 shares of the company’s stock valued at $50,000 after purchasing an additional 9,284 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Southland in the third quarter valued at approximately $72,000. Bank of New York Mellon Corp acquired a new position in Southland during the second quarter worth $99,000. Finally, Renaissance Technologies LLC boosted its position in shares of Southland by 111.8% during the second quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock worth $147,000 after buying an additional 16,999 shares during the period. Institutional investors and hedge funds own 2.85% of the company’s stock.

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.