Sonida Senior Living (NYSE:SNDA) Cut to Strong Sell at Zacks Research

Sonida Senior Living (NYSE:SNDA) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Other equities analysts also recently issued reports about the company. Robert W. Baird set a $43.00 target price on Sonida Senior Living and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Morgan Stanley raised their target price on Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Cantor Fitzgerald boosted their target price on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Citigroup assumed coverage on Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating on the stock. Finally, Citizens Jmp initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Sonida Senior Living Stock Down 0.4%

Sonida Senior Living stock opened at $36.02 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -5.82 and a beta of 0.74. The business’s fifty day moving average is $38.52. Sonida Senior Living has a twelve month low of $24.94 and a twelve month high of $44.38.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The company 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 in the prior year, the business earned ($0.16) EPS. Equities analysts expect that Sonida Senior Living will post -3.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the sale, the director owned 10,037 shares in the company, valued at approximately $399,372.23. The trade was a 38.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Simanovsky sold 115,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00. Following the completion of the transaction, the director directly owned 254,447 shares in the company, valued at $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 275,343 shares of company stock valued at $10,895,485. Insiders own 39.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNDA. Compass Financial Management LLC acquired a new position in Sonida Senior Living during the second quarter worth about $27,000. Family Wealth Partners LLC boosted its stake in shares of Sonida Senior Living by 7.6% during the second quarter. Family Wealth Partners LLC now owns 11,247 shares of the company’s stock valued at $459,000 after acquiring an additional 793 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Sonida Senior Living by 28.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company’s stock valued at $183,000 after purchasing an additional 1,000 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Sonida Senior Living during the 2nd quarter worth $43,000. Finally, First Bancorp Inc ME acquired a new position in Sonida Senior Living in the second quarter valued at $50,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

About Sonida Senior Living

Sonida Senior Living (NYSE:SNDA) is a senior living company that owns, operates and manages communities serving older adults across the United States. Its communities provide residential care and support designed to promote independence, safety and quality of life for seniors.

The company offers a range of services, including independent living, assisted living and memory care. Services may include dining, housekeeping, transportation, wellness programs, social activities and assistance with daily living, with care tailored to residents’ individual needs.