Southland (NASDAQ:SLND) Stock Price Up 4.6% – Should You Buy?

Southland Holdings, Inc. (NASDAQ:SLND)’s stock price shot up 4.6% during mid-day trading on Wednesday . The company traded as high as $0.7007 and last traded at $0.6944. 106,822 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 294,005 shares. The stock had previously closed at $0.6637.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Southland from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.00.

Southland Stock Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $39.58 million, a P/E ratio of -0.33 and a beta of 0.81. The firm’s 50 day simple moving average is $1.06 and its two-hundred day simple moving average is $1.65.

Institutional Trading of Southland

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gendell Jeffrey L raised its stake in Southland by 52.4% during the 4th quarter. Gendell Jeffrey L now owns 1,899,940 shares of the company’s stock worth $6,308,000 after buying an additional 653,311 shares during the period. Vanguard Group Inc. increased its holdings in shares of Southland by 106.7% during the third quarter. Vanguard Group Inc. now owns 623,185 shares of the company’s stock valued at $2,673,000 after acquiring an additional 321,678 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Southland during the fourth quarter worth approximately $1,579,000. AWH Capital L.P. raised its position in shares of Southland by 141.7% during the fourth quarter. AWH Capital L.P. now owns 350,500 shares of the company’s stock worth $1,164,000 after purchasing an additional 205,500 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Southland by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 282,476 shares of the company’s stock worth $938,000 after purchasing an additional 19,196 shares in the last quarter. 2.85% of the stock is owned by 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. 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.