Geode Capital Management LLC Buys 18,799 Shares of Southland Holdings, Inc. (NASDAQ:SLND)

Geode Capital Management LLC increased its stake in shares of Southland Holdings, Inc. (NASDAQ:SLND) by 10.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 199,235 shares of the company’s stock after purchasing an additional 18,799 shares during the quarter. Geode Capital Management LLC’s holdings in Southland were worth $737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in Southland by 214.0% during the third quarter. Barclays PLC now owns 13,623 shares of the company’s stock valued at $50,000 after acquiring an additional 9,284 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Southland by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock worth $147,000 after acquiring an additional 16,999 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Southland during the 2nd quarter worth about $99,000. Rhumbline Advisers grew its holdings in Southland by 125.3% during the 2nd quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock valued at $42,000 after purchasing an additional 5,122 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in Southland in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 2.85% of the company’s stock.

Southland Stock Performance

SLND stock opened at $3.30 on Friday. Southland Holdings, Inc. has a twelve month low of $1.85 and a twelve month high of $6.16. The firm has a market cap of $158.75 million, a price-to-earnings ratio of -1.48 and a beta of 0.86. The business’s fifty day simple moving average is $3.23 and its two-hundred day simple moving average is $3.63. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00.

Southland (NASDAQ:SLND) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($1.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($1.05). The company had revenue of $173.32 million during the quarter. Southland had a negative return on equity of 47.71% and a negative net margin of 10.38%. Analysts predict that Southland Holdings, Inc. will post -2.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Craig Hallum cut their target price on Southland from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

Southland 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.