Sonida Senior Living (NYSE:SNDA) Hits New 1-Year High – Here’s Why

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $42.66 and last traded at $41.8990, with a volume of 639469 shares trading hands. The stock had previously closed at $42.21.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SNDA shares. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Morgan Stanley upped their price target on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Cantor Fitzgerald increased their price target on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 26th. Finally, Royal Bank Of Canada lifted their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.25.

Sonida Senior Living Stock Performance

The company has a 50 day simple moving average of $37.06. The stock has a market cap of $1.94 billion, a P/E ratio of -7.03 and a beta of 0.75. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings data on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The business had revenue of $122.63 million for the quarter. On average, sell-side analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Insider Activity

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the sale, the director owned 9,182 shares in the company, valued at $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 39.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Sonida Senior Living

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC purchased a new position in Sonida Senior Living during the 1st quarter valued at about $45,000. Main Street Group LTD purchased a new stake in shares of Sonida Senior Living in the first quarter worth about $50,000. First Pacific Financial bought a new position in shares of Sonida Senior Living in the first quarter valued at approximately $56,000. Darwin Wealth Management LLC purchased a new position in Sonida Senior Living during the first quarter valued at approximately $63,000. Finally, Sunbelt Securities Inc. purchased a new position in Sonida Senior Living during the first quarter valued at approximately $64,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

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.