Norwood Investment Partners LP Makes New $1.42 Million Investment in Sonida Senior Living, Inc. $SNDA

Norwood Investment Partners LP bought a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 34,785 shares of the company’s stock, valued at approximately $1,419,228. Sonida Senior Living comprises approximately 0.0% of Norwood Investment Partners LP’s investment portfolio, making the stock its 14th biggest holding. Norwood Investment Partners LP owned 0.07% of Sonida Senior Living at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Conversant Capital LLC boosted its holdings in Sonida Senior Living by 57.7% in the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after purchasing an additional 5,341,221 shares during the period. BlackRock Inc. bought a new stake in Sonida Senior Living during the 2nd quarter valued at $90,515,000. Irenic Capital Management LP raised its stake in Sonida Senior Living by 1,049.3% during the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after buying an additional 1,113,622 shares during the last quarter. Emmett Investment Management LP raised its position in Sonida Senior Living by 11.4% in the first quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock worth $7,538,000 after acquiring an additional 23,990 shares during the period. Finally, Rush Island Management LP purchased a new stake in shares of Sonida Senior Living during the 1st quarter worth approximately $7,036,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 6,269 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the transaction, the director directly owned 10,037 shares of the company’s stock, valued at $399,372.23. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Simanovsky sold 15,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $39.00, for a total value of $585,000.00. Following the sale, the director 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 SEC filing for this sale provides additional information. Insiders sold 151,355 shares of company stock worth $6,133,714 in the last 90 days. 39.30% of the stock is owned by company insiders.

Sonida Senior Living Stock Performance

Shares of SNDA traded down $0.93 during midday trading on Friday, hitting $38.07. 319,960 shares of the company traded hands, compared to its average volume of 494,048. Sonida Senior Living, Inc. has a 52 week low of $24.94 and a 52 week high of $44.38. The stock has a market cap of $1.83 billion, a PE ratio of -6.15 and a beta of 0.80. The firm has a 50 day simple moving average of $40.04. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last released 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 firm had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) earnings per share. Sell-side analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SNDA shares. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Cantor Fitzgerald raised their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Morgan Stanley upped their price objective on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Compass Point initiated coverage on shares of Sonida Senior Living in a research report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target for the company. Finally, Royal Bank Of Canada increased their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.50.

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.