Sonida Senior Living, Inc. $SNDA Shares Bought by Irenic Capital Management LP

Irenic Capital Management LP grew its holdings in shares of Sonida Senior Living, Inc. (NYSE:SNDA) by 1,049.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,219,747 shares of the company’s stock after purchasing an additional 1,113,622 shares during the period. Sonida Senior Living comprises about 2.6% of Irenic Capital Management LP’s portfolio, making the stock its 10th biggest position. Irenic Capital Management LP’s holdings in Sonida Senior Living were worth $39,337,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living in the first quarter valued at approximately $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living in the first quarter valued at approximately $50,000. First Pacific Financial purchased a new stake in Sonida Senior Living during the 1st quarter worth approximately $56,000. Darwin Wealth Management LLC purchased a new stake in Sonida Senior Living during the 1st quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SNDA shares. Cantor Fitzgerald raised their price target on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Morgan Stanley lifted their target price on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings lowered Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Four equities 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. Based on data from MarketBeat.com, Sonida Senior Living currently has a consensus rating of “Hold” and an average price target of $43.00.

Sonida Senior Living Price Performance

Sonida Senior Living stock opened at $43.19 on Wednesday. The firm has a market capitalization of $2.05 billion, a PE ratio of -7.41 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. The company has a fifty day simple moving average of $38.06. Sonida Senior Living, Inc. has a 1-year low of $23.78 and a 1-year high of $44.38.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings data 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). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The business had revenue of $122.63 million for the quarter. On average, research analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Benjamin P. Harris sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.30% of the stock is currently owned by insiders.

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.