Michael Simanovsky Sells 97,581 Shares of Sonida Senior Living (NYSE:SNDA) Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 97,581 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total value of $3,749,062.02. Following the transaction, the director directly owned 100,373 shares in the company, valued at $3,856,330.66. This trade represents a 49.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 28th, Michael Simanovsky sold 26,407 shares of Sonida Senior Living stock. The stock was sold at an average price of $38.35, for a total value of $1,012,708.45.
• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $39.00, for a total transaction of $585,000.00.
• 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 transaction 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 transaction of $4,681,650.00.

Sonida Senior Living Price Performance

Shares of NYSE SNDA opened at $37.71 on Thursday. The firm has a market cap of $1.81 billion, a P/E ratio of -6.09 and a beta of 0.74. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50 day moving average price is $40.11. Sonida Senior Living, Inc. has a 1 year low of $24.94 and a 1 year high of $44.38.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The business had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) EPS. As a group, research analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Institutional Investors Weigh In On Sonida Senior Living

Hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new position in shares of Sonida Senior Living in the second quarter worth $27,000. Allworth Financial LP acquired a new stake in shares of Sonida Senior Living in the second quarter valued at $43,000. Capital Advisors Ltd. LLC purchased a new position in Sonida Senior Living in the first quarter valued at $45,000. Main Street Group LTD acquired a new position in Sonida Senior Living during the 1st quarter worth $50,000. Finally, First Bancorp Inc ME acquired a new position in Sonida Senior Living during the 2nd quarter worth $50,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SNDA shares. Compass Point began coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target on the stock. Morgan Stanley boosted their target price on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating for the company. Finally, Cantor Fitzgerald lifted their price objective on Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.50.

About Sonida Senior Living

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.