Barclays PLC Purchases 9,284 Shares of Southland Holdings, Inc. (NASDAQ:SLND)

Barclays PLC lifted its position in shares of Southland Holdings, Inc. (NASDAQ:SLND) by 214.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,623 shares of the company’s stock after purchasing an additional 9,284 shares during the period. Barclays PLC’s holdings in Southland were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its position 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 period. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Southland during the third quarter worth $72,000. Bank of New York Mellon Corp acquired a new position in Southland in the second quarter valued at $99,000. Renaissance Technologies LLC grew its holdings in Southland by 111.8% during 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 period. Finally, Verus Capital Partners LLC acquired a new stake in Southland during the 3rd quarter worth about $344,000. Institutional investors and hedge funds own 2.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their price objective on shares of Southland from $9.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Southland Price Performance

Shares of NASDAQ SLND opened at $3.33 on Friday. The company has a market capitalization of $160.21 million, a PE ratio of -1.49 and a beta of 0.86. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. The stock’s 50 day moving average price is $3.33 and its 200-day moving average price is $3.55. Southland Holdings, Inc. has a twelve month low of $1.85 and a twelve month high of $6.16.

Southland (NASDAQ:SLND) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($1.05). The business had revenue of $173.32 million during the quarter. Southland had a negative net margin of 10.38% and a negative return on equity of 47.71%. On average, equities analysts anticipate that Southland Holdings, Inc. will post -2.68 EPS for the current year.

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.