Cetera Investment Advisers Purchases Shares of 33,813 Sonida Senior Living, Inc. $SNDA

Cetera Investment Advisers purchased a new stake in Sonida Senior Living, Inc. (NYSE:SNDA) in the 1st quarter, HoldingsChannel reports. The fund purchased 33,813 shares of the company’s stock, valued at approximately $1,090,000.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new position in shares of Sonida Senior Living in the first quarter worth approximately $1,998,000. Kestra Advisory Services LLC acquired a new stake in Sonida Senior Living during the 1st quarter valued at approximately $1,036,000. Gaddis Premier Wealth Advisors LLC acquired a new stake in Sonida Senior Living during the 1st quarter valued at approximately $657,000. BlueChip Wealth Advisors LLC bought a new position in Sonida Senior Living during the 1st quarter worth approximately $636,000. Finally, Militia Capital Management LLC bought a new position in Sonida Senior Living during the 1st quarter worth approximately $576,000. 87.55% of the stock is currently owned by institutional investors.

Sonida Senior Living Stock Performance

Shares of SNDA opened at $39.18 on Friday. Sonida Senior Living, Inc. has a 52-week low of $24.65 and a 52-week high of $44.38. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a 50 day simple moving average of $39.10. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -6.33 and a beta of 0.80.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The business had revenue of $207.65 million for the quarter. Sonida Senior Living had a negative return on equity of 37.00% and a negative net margin of 23.27%.During the same quarter last year, the firm earned ($0.16) EPS. Research analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SNDA. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley lifted their target price on shares of 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. Compass Point began coverage on shares of Sonida Senior Living in a report on Tuesday. They issued a “buy” rating and a $65.00 target price on the stock. Citizens Jmp began coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an “outperform” rating and a $50.00 target price on the stock. Finally, Robert W. Baird upped their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sonida Senior Living presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

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.