JPMorgan Chase & Co. Raises Holdings in Southland Holdings, Inc. (NASDAQ:SLND)

JPMorgan Chase & Co. lifted its position in Southland Holdings, Inc. (NASDAQ:SLND) by 212.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,191 shares of the company’s stock after purchasing an additional 13,043 shares during the quarter. JPMorgan Chase & Co.’s holdings in Southland were worth $71,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SLND. Geode Capital Management LLC raised its holdings in shares of Southland by 10.4% in the third quarter. Geode Capital Management LLC now owns 199,235 shares of the company’s stock worth $737,000 after acquiring an additional 18,799 shares during the last quarter. Tectonic Advisors LLC raised its stake in Southland by 5.8% during the third quarter. Tectonic Advisors LLC now owns 103,253 shares of the company’s stock valued at $382,000 after buying an additional 5,692 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in shares of Southland during the 3rd quarter worth approximately $344,000. Renaissance Technologies LLC grew its holdings in 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 buying an additional 16,999 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in Southland during the 3rd quarter valued at $72,000. 2.85% of the stock is owned by institutional investors and hedge funds.

Southland Stock Down 2.6 %

SLND stock opened at $2.97 on Tuesday. The company has a market cap of $142.89 million, a PE ratio of -1.33 and a beta of 0.85. 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 Holdings, Inc. has a twelve month low of $1.85 and a twelve month high of $6.16. The business’s 50-day simple moving average is $3.34 and its 200 day simple moving average is $3.51.

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

Analysts Set New Price Targets

Separately, Craig Hallum reduced their target price on Southland from $9.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

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.