Sonida Senior Living (NYSE:SNDA) Director Sells $1,012,708.45 in Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 26,407 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $38.35, for a total transaction of $1,012,708.45. Following the completion of the sale, the director directly owned 197,954 shares in the company, valued at $7,591,535.90. This trade represents a 11.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 1st, Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02.
• 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 shares were 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 Stock Up 0.9%

NYSE:SNDA opened at $37.90 on Friday. Sonida Senior Living, Inc. has a 12-month low of $24.94 and a 12-month high of $44.38. 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 firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -6.12 and a beta of 0.74. The business has a 50-day simple moving average of $40.08.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The business had revenue of $207.65 million for 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 last year, the company posted ($0.16) EPS. On average, research analysts expect that Sonida Senior Living, Inc. will post -3.21 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Royal Bank Of Canada increased their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Compass Point began coverage on Sonida Senior Living in a report on Tuesday, August 11th. They set a “buy” rating and a $65.00 price objective for the company. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird set a $43.00 target price on shares of Sonida Senior Living in a report on Thursday. Five investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Hedge Funds Weigh In On Sonida Senior Living

Large investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in shares of Sonida Senior Living in the second quarter valued at approximately $27,000. Allworth Financial LP acquired a new position in shares of Sonida Senior Living during the second quarter valued at $43,000. Capital Advisors Ltd. LLC acquired a new position in shares of Sonida Senior Living during the first quarter valued at $45,000. Main Street Group LTD bought a new position in Sonida Senior Living in the first quarter valued at about $50,000. Finally, First Bancorp Inc ME bought a new position in Sonida Senior Living in the second quarter valued at about $50,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

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.