Key Points
- COO Walter Timothy Winn bought 29,177 shares at an average price of $1.47 on March 31, increasing his stake to 1,950,721 shares (a 1.52% increase) valued at about $2.87 million, as disclosed in an SEC filing.
- Zacks Research downgraded Southland to a "strong sell," and MarketBeat shows an average analyst rating of "Reduce" with a $4.00 average target price.
- Several institutions have been adding shares recently—notably Gendell Jeffrey L boosted its stake to ~1.9 million shares and Vanguard more than doubled its holdings—while overall institutional ownership remains low at about 2.85%.
Southland Holdings, Inc. (NASDAQ:SLND - Get Free Report) COO Walter Timothy Winn purchased 29,177 shares of the business's stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average price of $1.47 per share, for a total transaction of $42,890.19. Following the acquisition, the chief operating officer owned 1,950,721 shares of the company's stock, valued at $2,867,559.87. This trade represents a 1.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Southland Stock Performance
Shares of SLND stock opened at $1.30 on Friday. Southland Holdings, Inc. has a one year low of $0.65 and a one year high of $5.34. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.48 and a quick ratio of 1.48. The business's 50 day simple moving average is $1.38 and its 200 day simple moving average is $3.00. The stock has a market capitalization of $70.35 million, a PE ratio of -0.58 and a beta of 0.85.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Southland from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $4.00.
Get Our Latest Stock Report on SLND
Institutional Investors Weigh In On Southland
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gendell Jeffrey L grew its stake in shares of Southland by 52.4% during the fourth quarter. Gendell Jeffrey L now owns 1,899,940 shares of the company's stock valued at $6,308,000 after buying an additional 653,311 shares during the last quarter. Vanguard Group Inc. grew its holdings in Southland by 106.7% in the third quarter. Vanguard Group Inc. now owns 623,185 shares of the company's stock worth $2,673,000 after purchasing an additional 321,678 shares during the period. State Street Corp grew its stake in shares of Southland by 14.7% in the fourth quarter. State Street Corp now owns 59,003 shares of the company's stock worth $196,000 after acquiring an additional 7,563 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Southland by 69.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 43,815 shares of the company's stock worth $145,000 after buying an additional 17,888 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Southland by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,613 shares of the company's stock worth $92,000 after acquiring an additional 4,724 shares during the last quarter. 2.85% of the stock is owned by hedge funds and other institutional investors.
About Southland
(
Get Free Report)
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.
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