Verus Capital Partners LLC Acquires 533,684 Shares of Southland Holdings, Inc. (NASDAQ:SLND)

Verus Capital Partners LLC raised its stake in Southland Holdings, Inc. (NASDAQ:SLND - Free Report) by 573.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 626,684 shares of the company's stock after purchasing an additional 533,684 shares during the period. Verus Capital Partners LLC owned approximately 1.30% of Southland worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLND. Geode Capital Management LLC raised its stake in shares of Southland by 10.4% in the third quarter. Geode Capital Management LLC now owns 199,235 shares of the company's stock worth $737,000 after acquiring an additional 18,799 shares during the last quarter. Barclays PLC boosted its position in Southland by 214.0% in the 3rd quarter. Barclays PLC now owns 13,623 shares of the company's stock valued at $50,000 after buying an additional 9,284 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Southland by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,191 shares of the company's stock valued at $71,000 after buying an additional 13,043 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Southland during the third quarter worth $72,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Craig Hallum dropped their target price on shares of Southland from $9.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, November 14th.

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Southland Trading Up 2.5 %

NASDAQ SLND traded up $0.08 during trading on Tuesday, reaching $3.33. 11,498 shares of the stock traded hands, compared to its average volume of 25,339. The stock's 50-day moving average price is $3.27 and its 200 day moving average price is $3.42. 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 firm has a market cap of $160.19 million, a price-to-earnings ratio of -1.49 and a beta of 0.85. Southland Holdings, Inc. has a fifty-two week low of $1.85 and a fifty-two week high of $6.16.

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.