Charles Schwab Investment Management Inc. Cuts Stock Position in Southland Holdings, Inc. (NASDAQ:SLND)

Charles Schwab Investment Management Inc. decreased its position in shares of Southland Holdings, Inc. (NASDAQ:SLND) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,232 shares of the company’s stock after selling 3,721 shares during the period. Charles Schwab Investment Management Inc. owned 0.12% of Southland worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SLND. Raymond James Trust N.A. acquired a new position in shares of Southland during the second quarter worth $6,813,000. Tectonic Advisors LLC grew its stake in Southland by 5.8% during the 3rd quarter. Tectonic Advisors LLC now owns 103,253 shares of the company’s stock worth $382,000 after buying an additional 5,692 shares during the last quarter. Verus Capital Partners LLC acquired a new position in Southland during the 3rd quarter valued at about $344,000. Renaissance Technologies LLC raised its stake in Southland by 111.8% in the second quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock valued at $147,000 after buying an additional 16,999 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Southland in the second quarter worth about $99,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

Southland Trading Down 2.1 %

NASDAQ:SLND opened at $3.31 on Friday. The company has a market capitalization of $159.23 million, a P/E ratio of -1.48 and a beta of 0.97. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.00. Southland Holdings, Inc. has a 12 month low of $1.85 and a 12 month high of $6.16. The firm has a fifty day simple moving average of $3.25 and a 200-day simple moving average of $3.85.

Southland (NASDAQ:SLND) last posted its quarterly earnings results 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 net margin of 10.38% and a negative return on equity of 47.71%. The firm had revenue of $173.32 million for the quarter. On average, equities research analysts anticipate that Southland Holdings, Inc. will post -2.68 earnings per share for the current year.

Analyst Ratings Changes

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

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.