Sonida Senior Living (NYSE:SNDA) Reaches New 12-Month High – Still a Buy?

Sonida Senior Living, Inc. (NYSE:SNDA) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.71 and last traded at $41.1560, with a volume of 145939 shares changing hands. The stock had previously closed at $39.67.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. Cantor Fitzgerald upped their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Robert W. Baird raised their target price 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. 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 report on Monday. Finally, Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.25.

Sonida Senior Living Stock Performance

The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The company’s fifty day moving average price is $36.27. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -7.17 and a beta of 0.78.

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 analysts’ consensus estimates of ($1.67) by ($0.72). The company had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. Sell-side analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Insider Activity at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This represents a 21.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.30% of the stock is currently owned by insiders.

Institutional Trading of Sonida Senior Living

Several hedge funds have recently made changes to their positions in the stock. Conversant Capital LLC increased its position in Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after buying an additional 5,341,221 shares during the period. Irenic Capital Management LP increased its holdings in shares of Sonida Senior Living by 1,049.3% in the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after acquiring an additional 1,113,622 shares during the period. Rush Island Management LP bought a new stake in Sonida Senior Living in the 1st quarter valued at about $7,036,000. Dimensional Fund Advisors LP acquired a new position in Sonida Senior Living during the 1st quarter valued at about $1,998,000. Finally, Cetera Investment Advisers acquired a new position in Sonida Senior Living during the 1st quarter valued at about $1,090,000. Institutional investors own 87.55% of the company’s stock.

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.