Royal Bank of Canada Grows Stock Holdings in Sonida Senior Living, Inc. $SNDA

Royal Bank of Canada lifted its stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) by 3,450.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,051 shares of the company’s stock after purchasing an additional 26,289 shares during the period. Royal Bank of Canada’s holdings in Sonida Senior Living were worth $873,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Conversant Capital LLC increased its holdings in shares of Sonida Senior Living by 57.7% in 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 during the last quarter. Emmett Investment Management LP boosted its stake in Sonida Senior Living by 11.4% during the first quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock worth $7,538,000 after buying an additional 23,990 shares during the last quarter. Rush Island Management LP acquired a new position in Sonida Senior Living during the first quarter worth $7,036,000. Renaissance Technologies LLC grew its holdings in Sonida Senior Living by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock valued at $4,347,000 after buying an additional 7,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Sonida Senior Living in the 1st quarter valued at $1,998,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 6,269 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 10,037 shares in the company, valued at $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.30% of the stock is currently owned by corporate insiders.

Sonida Senior Living Price Performance

NYSE SNDA opened at $39.56 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $1.90 billion, a PE ratio of -6.39 and a beta of 0.80. The firm has a 50-day moving average of $39.66. Sonida Senior Living, Inc. has a 12 month low of $24.94 and a 12 month high of $44.38.

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

Analyst Ratings Changes

SNDA has been the subject of a number of recent research reports. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley raised their price objective on shares of 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. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, Compass Point initiated coverage on shares of Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price on the stock. Five 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.