Sonida Senior Living (NYSE:SNDA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sonida Senior Living (NYSE:SNDA) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities research analysts have also issued reports on SNDA. Royal Bank Of Canada upped 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. Robert W. Baird lifted their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Citizens Jmp initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set an “outperform” rating and a $50.00 target price on the stock. Citigroup started coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They issued a “market outperform” rating on the stock. Finally, Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.00.

Sonida Senior Living Stock Performance

NYSE:SNDA opened at $40.21 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $1.90 billion, a P/E ratio of -6.90 and a beta of 0.80. Sonida Senior Living has a one year low of $23.78 and a one year high of $44.38. The stock has a 50-day moving average price of $38.32.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by ($0.72). The firm 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 research analysts forecast that Sonida Senior Living will post -1.72 EPS for the current fiscal year.

Insiders Place Their Bets

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 sale, the director owned 9,182 shares of the company’s stock, valued at $343,957.72. The trade was a 21.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. 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 purchasing an additional 5,341,221 shares during the period. Irenic Capital Management LP increased its stake in 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 valued at $39,337,000 after buying an additional 1,113,622 shares during the period. Rush Island Management LP acquired a new position in Sonida Senior Living during the 1st quarter valued at about $7,036,000. Walleye Capital LLC bought a new stake in shares of Sonida Senior Living during the 2nd quarter worth about $2,566,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Sonida Senior Living during the 1st quarter worth about $1,998,000. 87.55% of the stock is 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.