15,226 Shares in Sonida Senior Living, Inc. $SNDA Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC acquired a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,226 shares of the company’s stock, valued at approximately $491,000.

Other large investors have also added to or reduced their stakes in the company. Conversant Capital LLC grew its stake 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 worth $471,039,000 after acquiring an additional 5,341,221 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Sonida Senior Living by 6.0% during the first quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock valued at $4,347,000 after acquiring an additional 7,585 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Sonida Senior Living during the first quarter valued at $1,998,000. Cetera Investment Advisers purchased a new position in shares of Sonida Senior Living in the 1st quarter worth about $1,090,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sonida Senior Living in the 1st quarter worth about $1,036,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Price Performance

SNDA stock opened at $40.27 on Friday. The stock has a market capitalization of $1.91 billion, a PE ratio of -6.91 and a beta of 0.75. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. Sonida Senior Living, Inc. has a 1-year low of $23.78 and a 1-year high of $44.38. The business has a fifty day simple moving average of $38.25.

Sonida Senior Living (NYSE:SNDA) last released 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 business had revenue of $122.63 million for the quarter. As a group, analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the transaction, the director owned 9,182 shares in the company, valued at approximately $343,957.72. This represents a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday. Citizens Jmp assumed coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an “outperform” rating and a $50.00 target price for the company. Cantor Fitzgerald upped their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Citigroup started coverage on shares of Sonida Senior Living in a report on Monday. They set a “market outperform” rating on the stock. Four 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.00.

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.