Michael Simanovsky Sells 115,000 Shares of Sonida Senior Living (NYSE:SNDA) Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 115,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $40.71, for a total value of $4,681,650.00. Following the sale, the director directly owned 254,447 shares of the company’s stock, valued at $10,358,537.37. This represents a 31.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $39.00, for a total value of $585,000.00.
• On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.94, for a total transaction of $617,620.84.

Sonida Senior Living Price Performance

Shares of NYSE:SNDA traded down $0.75 during mid-day trading on Thursday, hitting $38.92. The company had a trading volume of 412,754 shares, compared to its average volume of 441,021. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. Sonida Senior Living, Inc. has a one year low of $24.94 and a one year high of $44.38. The company has a fifty day moving average of $40.04. The firm has a market capitalization of $1.87 billion, a P/E ratio of -6.29 and a beta of 0.80.

Sonida Senior Living (NYSE:SNDA) last issued its earnings results 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 return on equity of 25.53% and a negative net margin of 23.27%.The company had revenue of $207.65 million for the quarter. During the same quarter in the previous year, the company posted ($0.16) earnings per share. Research analysts expect 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 have recently modified their holdings of the business. Brookstone Capital Management purchased a new position in Sonida Senior Living during the 1st quarter valued at about $258,000. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living in the 1st quarter worth about $45,000. Ocean Park Asset Management LLC bought a new position in Sonida Senior Living during the first quarter valued at approximately $337,000. RFG Advisory LLC purchased a new position in Sonida Senior Living in the 1st quarter worth $279,000. Finally, Ritholtz Wealth Management purchased a new stake in Sonida Senior Living during the 1st quarter valued at about $545,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on SNDA shares. Cantor Fitzgerald increased their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Morgan Stanley upped their target price on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price target on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sonida Senior Living presently has a consensus rating of “Moderate Buy” and an average target price 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.