Southland (NASDAQ:SLND) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Southland (NASDAQ:SLND) from a hold rating to a strong sell rating in a research note released on Thursday morning,Zacks.com reports.

Southland Stock Down 24.2%

Shares of SLND opened at $1.22 on Thursday. 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 company has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $3.08. The stock has a market cap of $66.02 million, a price-to-earnings ratio of -0.55 and a beta of 1.30. Southland has a 12 month low of $0.65 and a 12 month high of $5.34.

Institutional Trading of Southland

Several institutional investors have recently bought and sold shares of the stock. Gendell Jeffrey L grew its position in Southland by 52.4% in the fourth quarter. Gendell Jeffrey L now owns 1,899,940 shares of the company’s stock valued at $6,308,000 after acquiring an additional 653,311 shares during the period. Vanguard Group Inc. boosted its stake in shares of Southland by 106.7% in the 3rd quarter. Vanguard Group Inc. now owns 623,185 shares of the company’s stock valued at $2,673,000 after purchasing an additional 321,678 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Southland in the 4th quarter worth about $1,579,000. AWH Capital L.P. increased its position in shares of Southland by 141.7% during the 4th quarter. AWH Capital L.P. now owns 350,500 shares of the company’s stock worth $1,164,000 after purchasing an additional 205,500 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Southland by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 282,476 shares of the company’s stock valued at $938,000 after purchasing an additional 19,196 shares during the last quarter. Institutional investors and hedge funds own 2.85% of the company’s stock.

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. The Transportation segment designs and constructs bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities, as well as convention centers, sports stadiums, marine facilities, and ferris wheels.