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

Barclays PLC raised its holdings in shares of Southland Holdings, Inc. (NASDAQ:SLND) by 214.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,623 shares of the company’s stock after acquiring an additional 9,284 shares during the quarter. Barclays PLC’s holdings in Southland were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of Southland by 10.4% during the third quarter. Geode Capital Management LLC now owns 199,235 shares of the company’s stock valued at $737,000 after buying an additional 18,799 shares during the period. Tectonic Advisors LLC increased its holdings 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 acquiring an additional 5,692 shares during the period. Verus Capital Partners LLC purchased a new stake in Southland in the 3rd quarter worth approximately $344,000. Renaissance Technologies LLC boosted its holdings in Southland by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock valued at $147,000 after purchasing an additional 16,999 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Southland during the 2nd quarter valued at $99,000. Institutional investors own 2.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Southland Stock Down 3.8 %

Shares of NASDAQ:SLND opened at $3.33 on Friday. The firm has a fifty day moving average of $3.33 and a 200 day moving average of $3.55. Southland Holdings, Inc. has a 52-week low of $1.85 and a 52-week high of $6.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $160.21 million, a PE ratio of -1.49 and a beta of 0.86.

Southland (NASDAQ:SLND) last announced its quarterly earnings data 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). 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. As a group, research analysts anticipate that Southland Holdings, Inc. will post -2.68 EPS for the current fiscal year.

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.