Conversant Capital LLC Boosts Stock Position in Sonida Senior Living, Inc. $SNDA

Conversant Capital LLC increased its position in shares of Sonida Senior Living, Inc. (NYSE:SNDA) by 57.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,605,874 shares of the company’s stock after purchasing an additional 5,341,221 shares during the period. Sonida Senior Living makes up about 65.0% of Conversant Capital LLC’s portfolio, making the stock its biggest position. Conversant Capital LLC owned approximately 0.31% of Sonida Senior Living worth $471,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SNDA. Dimensional Fund Advisors LP purchased a new stake in Sonida Senior Living in the first quarter worth about $1,998,000. Cetera Investment Advisers purchased a new position in Sonida Senior Living during the 1st quarter valued at about $1,090,000. Kestra Advisory Services LLC bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $1,036,000. Gaddis Premier Wealth Advisors LLC bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $657,000. Finally, BlueChip Wealth Advisors LLC purchased a new stake in shares of Sonida Senior Living in the 1st quarter worth approximately $636,000. 87.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares in the company, valued at $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The sale 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 company insiders.

Sonida Senior Living Stock Performance

SNDA stock opened at $41.60 on Friday. Sonida Senior Living, Inc. has a one year low of $23.78 and a one year high of $42.79. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -7.14 and a beta of 0.75. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm’s 50-day moving average price is $37.80.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). The firm had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. As a group, equities analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNDA has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Robert W. Baird boosted their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings lowered Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Cantor Fitzgerald increased their target price 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. Finally, Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Two 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.25.

Sonida Senior Living 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.