Geode Capital Management LLC Increases Holdings in Southland Holdings, Inc. (NASDAQ:SLND)

Geode Capital Management LLC increased its stake in Southland Holdings, Inc. (NASDAQ:SLND) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 owned approximately 0.41% of Southland worth $737,000 at the end of the most recent quarter.

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

Southland Stock Performance

NASDAQ:SLND opened at $3.30 on Friday. 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 stock has a 50-day moving average price of $3.23 and a 200 day moving average price of $3.63. The stock has a market capitalization of $158.75 million, a P/E ratio of -1.48 and a beta of 0.86.

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

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their target price on shares of 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.