Sonida Senior Living (NYSE:SNDA) Director Benjamin Harris Sells 2,500 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin Harris sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the sale, the director owned 9,182 shares of the company’s stock, valued at $343,957.72. The trade was a 21.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sonida Senior Living Stock Down 1.8%

Shares of NYSE:SNDA opened at $34.43 on Tuesday. The business has a 50 day moving average price of $35.49. The company has a market capitalization of $1.63 billion, a PE ratio of -5.91 and a beta of 0.78. Sonida Senior Living, Inc. has a 52-week low of $23.66 and a 52-week high of $39.66. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last issued its earnings results on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The firm had revenue of $122.63 million for the quarter. On average, sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SNDA shares. Robert W. Baird increased their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Morgan Stanley increased 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. Cantor Fitzgerald lifted their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sonida Senior Living presently has an average rating of “Hold” and a consensus price target of $40.50.

Hedge Funds Weigh In On Sonida Senior Living

A number of large investors have recently added to or reduced their stakes in SNDA. Conversant Capital LLC lifted its position in shares of Sonida Senior Living by 57.7% during the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after buying an additional 5,341,221 shares during the last quarter. Irenic Capital Management LP raised its stake in shares of Sonida Senior Living by 1,049.3% during the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after acquiring an additional 1,113,622 shares in the last quarter. Rush Island Management LP bought a new position in shares of Sonida Senior Living during the 1st quarter worth approximately $7,036,000. Dimensional Fund Advisors LP purchased a new stake in Sonida Senior Living during the first quarter valued at approximately $1,998,000. Finally, Cetera Investment Advisers purchased a new stake in Sonida Senior Living during the first quarter valued at approximately $1,090,000. 87.55% of the stock is currently owned by institutional investors.

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.