Sonida Senior Living (NYSE:SNDA) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Sonida Senior Living (NYSE:SNDA) from a hold rating to a strong sell rating in a report issued on Monday,Zacks reports.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird set a $43.00 target price on Sonida Senior Living and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada upped their price target on Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Compass Point started coverage on Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target for the company. Citizens Jmp started coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 price target on the stock. Finally, Citigroup assumed coverage on Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating on the stock. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.50.

Sonida Senior Living Stock Performance

SNDA stock opened at $36.02 on Monday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -5.82 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The firm’s fifty day moving average price is $38.52. Sonida Senior Living has a one year low of $24.94 and a one year high of $44.38.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share 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 firm had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) earnings per share. Research analysts predict that Sonida Senior Living will post -3.21 earnings per share for the current fiscal year.

Insider Activity

In other Sonida Senior Living news, Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the sale, the director directly owned 10,037 shares in the company, valued at approximately $399,372.23. The trade was a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Simanovsky sold 97,581 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.42, for a total value of $3,749,062.02. Following the transaction, the director directly owned 100,373 shares of the company’s stock, valued at $3,856,330.66. The trade was a 49.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 275,343 shares of company stock worth $10,895,485. 39.30% of the stock is currently owned by insiders.

Institutional Trading of Sonida Senior Living

Institutional investors have recently made changes to their positions in the company. Financial Enhancement Group LLC raised its stake in Sonida Senior Living by 6.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 26,238 shares of the company’s stock valued at $950,000 after purchasing an additional 1,580 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Sonida Senior Living by 398.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,430 shares of the company’s stock worth $242,000 after purchasing an additional 5,140 shares during the last quarter. RFG Advisory LLC boosted its stake in Sonida Senior Living by 83.6% during the 2nd quarter. RFG Advisory LLC now owns 15,902 shares of the company’s stock worth $649,000 after purchasing an additional 7,243 shares during the last quarter. Irenic Capital Management LP grew its holdings in shares of Sonida Senior Living by 56.1% during the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after buying an additional 683,874 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Sonida Senior Living during the second quarter worth $27,000. 87.55% of the stock is owned by institutional investors and hedge funds.

About Sonida Senior Living

Sonida Senior Living (NYSE:SNDA) is a senior living company that owns, operates and manages communities serving older adults across the United States. Its communities provide residential care and support designed to promote independence, safety and quality of life for seniors.

The company offers a range of services, including independent living, assisted living and memory care. Services may include dining, housekeeping, transportation, wellness programs, social activities and assistance with daily living, with care tailored to residents’ individual needs.