Insider Selling: Sonida Senior Living (NYSE:SNDA) Director Sells 6,269 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin Harris sold 6,269 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the sale, the director owned 10,037 shares of the company’s stock, 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.

Sonida Senior Living Stock Up 0.2%

Shares of SNDA traded up $0.07 during mid-day trading on Wednesday, hitting $40.56. 419,840 shares of the company’s stock traded hands, compared to its average volume of 498,292. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -6.55 and a beta of 0.80. The business has a 50-day simple moving average of $39.40. Sonida Senior Living, Inc. has a 1 year low of $24.94 and a 1 year high of $44.38.

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 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 last year, the firm earned ($0.16) earnings per share. Sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNDA has been the topic of several research reports. Morgan Stanley lifted their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price target on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Citizens Jmp initiated coverage on Sonida Senior Living in a report on Monday, July 27th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Citigroup initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating for the company. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Institutional Investors Weigh In On Sonida Senior Living

A number of institutional investors have recently modified their holdings of SNDA. Conversant Capital LLC grew its stake in Sonida Senior Living by 57.7% during the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after purchasing an additional 5,341,221 shares during the period. BlackRock Inc. bought a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $90,515,000. Irenic Capital Management LP boosted its holdings 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 buying an additional 1,113,622 shares in the last quarter. J. Goldman & Co LP acquired a new stake in shares of Sonida Senior Living during the 2nd quarter worth approximately $16,321,000. Finally, Solas Capital Management LLC acquired a new stake in shares of Sonida Senior Living during the 2nd quarter worth approximately $13,777,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

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.