Manatuck Hill Partners LLC Invests $4.90 Million in Sonida Senior Living, Inc. $SNDA

Manatuck Hill Partners LLC acquired a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 120,000 shares of the company’s stock, valued at approximately $4,896,000. Sonida Senior Living comprises approximately 1.6% of Manatuck Hill Partners LLC’s holdings, making the stock its 17th biggest holding.

Several other hedge funds have also recently made changes to their positions in the company. Conversant Capital LLC grew its stake in Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after purchasing an additional 5,341,221 shares during the last quarter. BlackRock Inc. acquired a new position in Sonida Senior Living in the 2nd quarter worth approximately $90,515,000. Irenic Capital Management LP raised its position 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 worth $39,337,000 after buying an additional 1,113,622 shares during the last quarter. Solas Capital Management LLC purchased a new position in Sonida Senior Living during the 2nd quarter worth approximately $13,777,000. Finally, Rush Island Management LP acquired a new stake in Sonida Senior Living during the 1st quarter valued at approximately $7,036,000. 87.55% of the stock is owned by institutional investors and hedge funds.

Sonida Senior Living Price Performance

SNDA opened at $40.97 on Wednesday. The company has a fifty day moving average price of $39.88. Sonida Senior Living, Inc. has a 1 year low of $24.94 and a 1 year high of $44.38. The firm has a market cap of $1.97 billion, a PE ratio of -6.62 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last released 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 firm had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. During the same period last year, the firm earned ($0.16) earnings per share. Equities analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Insider Activity

In other news, Director Benjamin P. Harris sold 6,269 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction of $249,443.51. Following the sale, the director directly owned 10,037 shares in the company, valued at $399,372.23. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 39.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on SNDA shares. Citizens Jmp started coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an “outperform” rating and a $50.00 price objective on the stock. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Morgan Stanley boosted their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Finally, Compass Point assumed coverage on Sonida Senior Living in a report on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price on the stock. Five 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.