Insider Selling: Sonida Senior Living (NYSE:SNDA) Director Sells $585,000.00 in Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $39.00, for a total transaction of $585,000.00. Following the sale, the director directly owned 224,361 shares of the company’s stock, valued at approximately $8,750,079. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Simanovsky also recently made the following trade(s):

• On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.94, for a total value of $617,620.84.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00.

Sonida Senior Living Stock Performance

NYSE:SNDA opened at $37.53 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average is $40.08. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -6.06 and a beta of 0.80. Sonida Senior Living, Inc. has a 52-week low of $24.94 and a 52-week high of $44.38.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The company had revenue of $207.65 million for the quarter. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Equities analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC purchased a new stake in Sonida Senior Living during the 2nd quarter valued at approximately $27,000. Allworth Financial LP bought a new stake in shares of Sonida Senior Living during the second quarter valued at approximately $43,000. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living in the first quarter worth $45,000. Main Street Group LTD purchased a new position in shares of Sonida Senior Living in the first quarter worth $50,000. Finally, First Bancorp Inc ME purchased a new position in shares of Sonida Senior Living in the second quarter worth $50,000. 87.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SNDA has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Cantor Fitzgerald raised their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Citizens Jmp initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an “outperform” rating and a $50.00 target price for the company. Finally, Compass Point initiated coverage on Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target for the company. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Sonida Senior Living Company Profile

Sonida Senior Living (NYSE: SNDA) is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.