Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 15,000 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $39.00, for a total value of $585,000.00. Following the transaction, the director directly owned 224,361 shares of the company’s stock, valued at approximately $8,750,079. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michael Simanovsky also recently made the following trade(s):

• On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.94, for a total transaction of $617,620.84.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Stock Performance

Shares of NYSE SNDA opened at $38.92 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80. The business has a fifty day moving average of $40.04. 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, Inc. has a one year low of $24.94 and a one year high of $44.38.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, August 10th. 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 net margin of 23.27% and a negative return on equity of 25.53%. The company had revenue of $207.65 million for the quarter. During the same quarter last year, the firm posted ($0.16) earnings per share. On average, equities analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Institutional Trading of Sonida Senior Living

Several large investors have recently bought and sold shares of the business. Conversant Capital LLC raised its holdings in Sonida Senior Living by 57.7% in the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $90,515,000. Irenic Capital Management LP grew its position in shares of Sonida Senior Living by 56.1% in the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after purchasing an additional 683,874 shares in the last quarter. Adelante Capital Management LLC grew its position in shares of Sonida Senior Living by 75.5% in the second quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock valued at $15,637,000 after purchasing an additional 234,109 shares in the last quarter. Finally, J. Goldman & Co LP acquired a new stake in shares of Sonida Senior Living in the second quarter valued at approximately $16,321,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Analyst Upgrades and Downgrades

SNDA has been the topic of a number of research reports. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Citizens Jmp began coverage on Sonida Senior Living in a research note on Monday, July 27th. They set an “outperform” rating and a $50.00 price objective for the company. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Cantor Fitzgerald lifted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.50.

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.