Sovran Advisors LLC Invests $531,000 in Sonida Senior Living, Inc. $SNDA

Sovran Advisors LLC acquired a new position in Sonida Senior Living, Inc. (NYSE:SNDA) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 16,477 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management acquired a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $545,000. Kestra Advisory Services LLC bought a new position in Sonida Senior Living in the 1st quarter worth approximately $1,036,000. Private Advisor Group LLC acquired a new stake in Sonida Senior Living in the 1st quarter valued at approximately $238,000. World Investment Advisors acquired a new stake in Sonida Senior Living in the 1st quarter valued at approximately $208,000. Finally, Darwin Wealth Management LLC bought a new stake in Sonida Senior Living during the 1st quarter valued at $63,000. 87.55% of the stock is owned by institutional investors and hedge funds.

Sonida Senior Living Trading Down 0.5%

NYSE:SNDA opened at $40.26 on Tuesday. The firm’s 50-day simple moving average is $37.30. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -6.91 and a beta of 0.75. 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, Inc. has a twelve month low of $23.78 and a twelve month high of $42.79.

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

Insider Activity at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director owned 9,182 shares in the company, valued at approximately $343,957.72. This represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 39.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDA has been the subject of several recent analyst reports. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Robert W. Baird increased their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 26th. Finally, Cantor Fitzgerald increased 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. Two 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.25.

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.