Financial Enhancement Group LLC Acquires Shares of 24,658 Sonida Senior Living, Inc. $SNDA

Financial Enhancement Group LLC acquired a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,658 shares of the company’s stock, valued at approximately $1,006,000. Financial Enhancement Group LLC owned approximately 0.05% of Sonida Senior Living as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living in the 1st quarter valued at $45,000. Main Street Group LTD bought a new position in shares of Sonida Senior Living in the first quarter valued at $50,000. First Pacific Financial acquired a new position in shares of Sonida Senior Living during the first quarter valued at about $56,000. Darwin Wealth Management LLC bought a new stake in shares of Sonida Senior Living during the first quarter worth about $63,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Sonida Senior Living during the first quarter worth about $64,000. 87.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNDA has been the subject of a number of analyst reports. 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 note on Friday, April 24th. Cantor Fitzgerald raised their target price on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Citigroup assumed coverage on Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating on the stock. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada lifted their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sonida Senior Living has an average rating of “Hold” and a consensus target price of $43.00.

Sonida Senior Living Stock Down 4.0%

Sonida Senior Living stock opened at $38.62 on Wednesday. Sonida Senior Living, Inc. has a 52 week low of $23.78 and a 52 week high of $44.38. The business’s 50 day moving average price is $38.34. The company has a market cap of $1.83 billion, a PE ratio of -6.62 and a beta of 0.80. 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 (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 business had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. On average, equities analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Insider Activity

In other news, Director Benjamin P. Harris sold 2,500 shares of the firm’s 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 directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 39.30% of the stock is currently owned by corporate insiders.

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.