Financial Enhancement Group LLC Buys Shares of 24,658 Sonida Senior Living, Inc. $SNDA

Financial Enhancement Group LLC bought a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,658 shares of the company’s stock, valued at approximately $1,006,000.

Other large investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC bought a new stake in shares of Sonida Senior Living in the 1st quarter worth approximately $45,000. Main Street Group LTD bought a new position in Sonida Senior Living during the first quarter valued at $50,000. First Pacific Financial purchased a new stake in Sonida Senior Living in the first quarter worth $56,000. Darwin Wealth Management LLC bought a new stake in shares of Sonida Senior Living in the first quarter valued at $63,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Sonida Senior Living during the 1st quarter valued at $64,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Wall Street Analyst Weigh In

SNDA has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley upped their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Citigroup initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating on the stock. Finally, Citizens Jmp began coverage on Sonida Senior Living in a report on Monday, July 27th. They issued an “outperform” rating and a $50.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Trading Down 4.0%

Shares of Sonida Senior Living stock opened at $38.62 on Wednesday. Sonida Senior Living, Inc. has a 12-month low of $23.78 and a 12-month high of $44.38. The stock has a market capitalization of $1.83 billion, a P/E ratio of -6.62 and a beta of 0.80. 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 stock has a 50-day moving average price of $38.34.

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

Insider Buying and Selling at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction 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 sale, the director owned 9,182 shares in the company, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 39.30% of the company’s stock.

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.