Sonida Senior Living (NYSE:SNDA) Director Sells $617,620.84 in Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,086 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $40.94, for a total value of $617,620.84. Following the sale, the director owned 239,361 shares of the company’s stock, valued at $9,799,439.34. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $39.00, for a total value of $585,000.00.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Stock Performance

Shares of SNDA opened at $37.53 on Friday. The stock has a market capitalization of $1.80 billion, a P/E ratio of -6.06 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day moving average is $40.08. Sonida Senior Living, Inc. has a 52 week low of $24.94 and a 52 week high of $44.38.

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

Institutional Trading of Sonida Senior Living

A number of institutional investors and hedge funds have recently made changes to their positions in SNDA. Compass Financial Management LLC acquired a new position in shares of Sonida Senior Living during the 2nd quarter valued at about $27,000. Allworth Financial LP acquired a new stake in Sonida Senior Living in the 2nd quarter worth approximately $43,000. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living in the 1st quarter worth approximately $45,000. Main Street Group LTD acquired a new stake in Sonida Senior Living in the 1st quarter worth approximately $50,000. Finally, First Bancorp Inc ME bought a new stake in Sonida Senior Living during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNDA. Citizens Jmp initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 price objective for the company. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup started coverage on Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating on the stock. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Finally, Compass Point began coverage on shares of Sonida Senior Living in a research report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price for the company. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.