Sonida Senior Living (NYSE:SNDA) Shares Gap Down Following Weak Earnings

Sonida Senior Living, Inc. (NYSE:SNDA) shares gapped down prior to trading on Monday following a dissappointing earnings announcement. The stock had previously closed at $40.30, but opened at $38.66. Sonida Senior Living shares last traded at $39.5580, with a volume of 48,105 shares changing hands.

The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The firm had revenue of $207.65 million for the quarter. During the same period in the prior year, the company posted ($0.16) earnings per share.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Morgan Stanley lifted their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Citigroup started coverage on Sonida Senior Living in a research note on Monday, July 27th. They set a “market outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sonida Senior Living currently has a consensus rating of “Hold” and an average price target of $43.00.

Insiders Place Their Bets

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the sale, the director directly owned 9,182 shares in the company, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sonida Senior Living

Hedge funds have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC acquired a new position in Sonida Senior Living in the 1st quarter valued at approximately $45,000. Main Street Group LTD acquired a new stake in Sonida Senior Living during the first quarter worth $50,000. First Pacific Financial bought a new stake in Sonida Senior Living in the 1st quarter valued at $56,000. Darwin Wealth Management LLC acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at $63,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at $64,000. Institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Trading Down 2.3%

The company has a debt-to-equity ratio of 1.58, a current ratio of 0.44 and a quick ratio of 0.44. The company has a fifty day moving average price of $38.58. The firm has a market capitalization of $1.87 billion, a P/E ratio of -6.76 and a beta of 0.80.

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.