Benjamin Harris Sells 6,269 Shares of Sonida Senior Living (NYSE:SNDA) Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin Harris sold 6,269 shares of Sonida Senior Living stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the transaction, the director owned 10,037 shares of the company’s stock, valued at approximately $399,372.23. This represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Sonida Senior Living Stock Performance

Shares of Sonida Senior Living stock opened at $39.26 on Friday. The stock has a 50-day moving average price of $39.57. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. Sonida Senior Living, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $44.38. The firm has a market capitalization of $1.89 billion, a P/E ratio of -6.34 and a beta of 0.80.

Sonida Senior Living (NYSE:SNDA) last announced its earnings results on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The business had revenue of $207.65 million for the quarter. During the same quarter last year, the business earned ($0.16) EPS. Equities research analysts forecast that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Irenic Capital Management LP raised its position in shares of Sonida Senior Living by 1,049.3% during the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after buying an additional 1,113,622 shares in the last quarter. Rush Island Management LP acquired a new position in Sonida Senior Living in the 1st quarter worth approximately $7,036,000. Cetera Investment Advisers purchased a new stake in shares of Sonida Senior Living in the first quarter valued at $1,090,000. Conversant Capital LLC grew its position in Sonida Senior Living by 57.7% during 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Sonida Senior Living in the 1st quarter worth about $1,036,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SNDA. Compass Point assumed coverage on shares of Sonida Senior Living in a research report on Tuesday, August 11th. They set a “buy” rating and a $65.00 price objective for the company. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Cantor Fitzgerald raised their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Citigroup assumed coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating for the company. Finally, 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 research report on Friday, May 29th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.