Michael Simanovsky Sells 15,000 Shares of Sonida Senior Living (NYSE:SNDA) Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $39.00, for a total value of $585,000.00. Following the completion of the transaction, the director directly owned 224,361 shares of the company’s stock, valued at approximately $8,750,079. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Michael Simanovsky also recently made the following trade(s):

• On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.94, for a total value of $617,620.84.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00.

Sonida Senior Living Price Performance

Shares of NYSE:SNDA opened at $37.53 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The company has a fifty day moving average of $40.08. Sonida Senior Living, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $44.38. The company has a market capitalization of $1.80 billion, a PE ratio of -6.06 and a beta of 0.80.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data 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 company had revenue of $207.65 million for the quarter. During the same period in the previous year, the firm posted ($0.16) earnings per share. Research analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC bought a new stake in Sonida Senior Living during the 2nd quarter worth about $27,000. Allworth Financial LP bought a new position in shares of Sonida Senior Living in the second quarter worth about $43,000. Capital Advisors Ltd. LLC bought a new position in shares of Sonida Senior Living in the first quarter worth about $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $50,000. Finally, First Bancorp Inc ME acquired a new position in shares of Sonida Senior Living during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNDA shares. Royal Bank Of Canada lifted their price target on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Cantor Fitzgerald raised their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Citigroup assumed coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating for the company. Compass Point started coverage on Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Morgan Stanley increased their price target on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Five investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.50.

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.