Zacks Research Upgrades Sonida Senior Living (NYSE:SNDA) to Hold

Sonida Senior Living (NYSE:SNDA) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of Sonida Senior Living from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley boosted their price target on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Sonida Senior Living in a research report on Tuesday, October 27th. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Compass Point initiated coverage on Sonida Senior Living in a report on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sonida Senior Living has an average rating of “Moderate Buy” and an average price target of $47.83.

Sonida Senior Living Stock Performance

NYSE:SNDA opened at $34.01 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 1.84. The stock has a 50 day simple moving average of $36.36 and a 200 day simple moving average of $37.14. Sonida Senior Living has a 1-year low of $29.66 and a 1-year high of $44.38. The stock has a market cap of $1.67 billion, a P/E ratio of -6.36 and a beta of 0.88.

Sonida Senior Living (NYSE:SNDA) last posted its earnings results on Thursday, November 5th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.20). Sonida Senior Living had a negative return on equity of 17.94% and a negative net margin of 20.34%. The firm had revenue of $210.19 million for the quarter. Research analysts anticipate that Sonida Senior Living will post -3.21 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 6,269 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the sale, the director directly owned 10,037 shares in the company, valued at approximately $399,372.23. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Simanovsky sold 115,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00. Following the transaction, the director owned 254,447 shares of the company’s stock, valued at approximately $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 275,343 shares of company stock worth $10,895,485. Company insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

Hedge funds have recently added to or reduced their stakes in the stock. Conversant Capital LLC boosted its holdings in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Sonida Senior Living during the second quarter worth about $90,515,000. Irenic Capital Management LP grew its holdings in shares of Sonida Senior Living by 56.1% during the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after purchasing an additional 683,874 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Sonida Senior Living by 333.7% during the third quarter. First Eagle Investment Management LLC now owns 498,744 shares of the company’s stock worth $18,743,000 after purchasing an additional 383,744 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new position in shares of Sonida Senior Living in the second quarter valued at approximately $16,321,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Sonida Senior Living Company Profile

Sonida Senior Living is a U.S.-based owner and operator of senior living communities. Its communities offer independent living, assisted living and memory care, serving older adults with different levels of daily support. Services vary by community and may include meals, housekeeping, social and wellness programs, personal assistance and specialized support for residents with memory-related conditions. The company was formerly known as Capital Senior Living and adopted the Sonida Senior Living name in 2021.