Southland Holdings, Inc. (NASDAQ:SLND - Get Free Report) shares fell 2.9% during trading on Friday . The company traded as low as $4.21 and last traded at $4.37. 32,709 shares were traded during mid-day trading, a decline of 32% from the average session volume of 47,986 shares. The stock had previously closed at $4.50.
Southland Trading Down 2.9%
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 firm's 50-day simple moving average is $4.04 and its 200-day simple moving average is $3.50. The firm has a market capitalization of $235.83 million, a PE ratio of -1.96 and a beta of 0.94.
Hedge Funds Weigh In On Southland
Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in shares of Southland during the first quarter valued at approximately $253,000. Northern Trust Corp increased its position in shares of Southland by 31.5% during the fourth quarter. Northern Trust Corp now owns 98,454 shares of the company's stock valued at $320,000 after acquiring an additional 23,565 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Southland during the fourth quarter valued at approximately $40,000. Rhumbline Advisers boosted its holdings in Southland by 49.3% in the first quarter. Rhumbline Advisers now owns 14,080 shares of the company's stock worth $42,000 after purchasing an additional 4,649 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Southland by 43.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 80,913 shares of the company's stock worth $263,000 after purchasing an additional 24,681 shares during the last quarter. Institutional investors own 2.85% of the company's stock.
About Southland
(
Get Free Report)
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.
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