Sonida Senior Living, Inc. $SNDA is Emmett Investment Management LP’s 5th Largest Position

Emmett Investment Management LP raised its stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) by 11.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234,824 shares of the company’s stock after acquiring an additional 23,990 shares during the period. Sonida Senior Living makes up 5.8% of Emmett Investment Management LP’s holdings, making the stock its 5th biggest holding. Emmett Investment Management LP’s holdings in Sonida Senior Living were worth $7,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in SNDA. Conversant Capital LLC raised 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 valued at $471,039,000 after purchasing an additional 5,341,221 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Sonida Senior Living during the first quarter worth about $1,998,000. Cetera Investment Advisers acquired a new stake in shares of Sonida Senior Living during the first quarter worth about $1,090,000. Kestra Advisory Services LLC purchased a new position in shares of Sonida Senior Living in the first quarter valued at approximately $1,036,000. Finally, Eversept Partners LP acquired a new position in shares of Sonida Senior Living in the first quarter valued at approximately $917,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Sonida Senior Living Stock Performance

Shares of SNDA opened at $42.95 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. Sonida Senior Living, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $44.39. The business’s 50-day simple moving average is $37.92. The firm has a market capitalization of $2.03 billion, a P/E ratio of -7.37 and a beta of 0.75.

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

Insider Activity

In related news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction dated 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 transaction, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 39.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNDA. Robert W. Baird increased their price objective on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. 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 report on Friday, May 29th. Weiss Ratings downgraded Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased 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 report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sonida Senior Living currently has a consensus rating of “Hold” and an average target price of $43.00.

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.