Southland (NASDAQ:SLND) Stock Rating Lowered by Zacks Research

Key Points

• Zacks ResearchSLND) from a "hold" to a "strong sell", signaling analyst caution about the stock.
• The shares are trading near $1.22, well below their 200-day average of $3.08, with a negative trailing P/E (-0.55), a market cap of about $66M, and a high debt-to-equity ratio (2.00), indicating financial strain and weak price momentum.
• Institutional ownership is low (about 2.85%), though several funds (e.g., Rhumbline, Goldman Sachs, State Street, AQR) modestly increased or initiated positions in recent quarters.

Southland (NASDAQ:SLND - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Thursday,Zacks.com reports.

Southland Stock Performance

SLND opened at $1.22 on Thursday. The business's 50-day simple moving average is $1.52 and its 200 day simple moving average is $3.08. Southland has a 52-week low of $0.65 and a 52-week high of $5.34. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $66.02 million, a PE ratio of -0.55 and a beta of 1.30.

Hedge Funds Weigh In On Southland

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Southland by 49.3% during the first quarter. Rhumbline Advisers now owns 14,080 shares of the company's stock worth $42,000 after buying an additional 4,649 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Southland by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,613 shares of the company's stock valued at $92,000 after acquiring an additional 4,724 shares during the period. State Street Corp increased its stake in shares of Southland by 14.7% during the 4th quarter. State Street Corp now owns 59,003 shares of the company's stock worth $196,000 after purchasing an additional 7,563 shares during the last quarter. Strs Ohio acquired a new position in shares of Southland during the 3rd quarter worth about $57,000. Finally, AQR Capital Management LLC bought a new stake in shares of Southland in the 1st quarter valued at about $42,000. 2.85% of the stock is owned by institutional investors.

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. 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.

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