Militia Capital Management LLC Acquires Shares of 17,854 Sonida Senior Living, Inc. $SNDA

Militia Capital Management LLC acquired a new position in Sonida Senior Living, Inc. (NYSE:SNDA) in the 1st quarter, Holdings Channel reports. The firm acquired 17,854 shares of the company’s stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Irenic Capital Management LP increased its position in shares of Sonida Senior Living by 1,049.3% during the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after buying an additional 1,113,622 shares during the period. Rush Island Management LP purchased a new stake in Sonida Senior Living in the first quarter worth about $7,036,000. Conversant Capital LLC lifted its holdings in Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after buying an additional 5,341,221 shares during the period. Kestra Advisory Services LLC bought a new stake in Sonida Senior Living during the 1st quarter valued at approximately $1,036,000. Finally, Emmett Investment Management LP boosted its position in Sonida Senior Living by 11.4% during the 1st quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock valued at $7,538,000 after acquiring an additional 23,990 shares in the last quarter. 87.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living 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 transaction, the director owned 9,182 shares in the company, valued at approximately $343,957.72. The trade was a 21.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.30% of the company’s stock.

Sonida Senior Living Stock Performance

Shares of NYSE SNDA opened at $40.21 on Tuesday. The firm’s 50 day simple moving average is $38.32. Sonida Senior Living, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $44.38. The company has a market capitalization of $1.90 billion, a P/E ratio of -6.90 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly 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). The company had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. On average, analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNDA. Citizens Jmp started coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued an “outperform” rating and a $50.00 target price for the company. Robert W. Baird lifted their price target on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Cantor Fitzgerald upped their price target on Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.00.

Sonida Senior Living 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.