Sonida Senior Living, Inc. (NYSE:SNDA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.00.

SNDA has been the topic of several research reports. Citigroup initiated coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating on the stock. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald boosted their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Robert W. Baird increased 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 report on Friday, April 24th. Finally, Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday.

Insider Activity

In related news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the sale, the director 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 filing with the SEC, which is available through the SEC website. Company insiders own 39.30% of the company’s stock.

Hedge Funds Weigh In On Sonida Senior Living

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNDA. Conversant Capital LLC lifted its position in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares during the period. Irenic Capital Management LP increased its position in shares of Sonida Senior Living by 1,049.3% in the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after purchasing an additional 1,113,622 shares during the period. Emmett Investment Management LP increased its position in shares of Sonida Senior Living by 11.4% in the first quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock worth $7,538,000 after purchasing an additional 23,990 shares during the period. Rush Island Management LP acquired a new position in Sonida Senior Living in the first quarter valued at about $7,036,000. Finally, Renaissance Technologies LLC raised its stake in Sonida Senior Living by 6.0% in the first quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock valued at $4,347,000 after purchasing an additional 7,585 shares in the last quarter. 87.55% of the stock is owned by institutional investors and hedge funds.

Sonida Senior Living Price Performance

Shares of NYSE SNDA opened at $40.27 on Friday. 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 has a fifty day moving average price of $38.25. Sonida Senior Living has a one year low of $23.78 and a one year high of $44.38. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -6.91 and a beta of 0.75.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share 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 firm had revenue of $122.63 million for the quarter. On average, equities analysts anticipate that Sonida Senior Living will post -1.72 earnings per share for the current fiscal year.

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.