Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 15,086 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,086 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $40.94, for a total transaction of $617,620.84. Following the transaction, the director owned 239,361 shares in the company, valued at approximately $9,799,439.34. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Trading Down 1.9%

Shares of Sonida Senior Living stock opened at $38.92 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. Sonida Senior Living, Inc. has a 12-month low of $24.94 and a 12-month high of $44.38. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80. The company’s 50 day moving average is $40.04.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in Sonida Senior Living by 5,353.9% during the 2nd quarter. California State Teachers Retirement System now owns 16,198 shares of the company’s stock worth $661,000 after purchasing an additional 15,901 shares during the period. Irenic Capital Management LP raised its stake in shares of Sonida Senior Living by 56.1% during the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after buying an additional 683,874 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Sonida Senior Living in the 2nd quarter valued at about $27,000. AXQ Capital LP acquired a new position in shares of Sonida Senior Living in the 2nd quarter valued at about $422,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Sonida Senior Living in the second quarter worth about $461,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNDA has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price target 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. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Citizens Jmp began coverage on Sonida Senior Living in a report on Monday, July 27th. They set an “outperform” rating and a $50.00 target price for the company. Compass Point initiated coverage on Sonida Senior Living in a research report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Citigroup assumed coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.