Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 15,086 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,086 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $40.94, for a total transaction of $617,620.84. Following the completion of the sale, the director directly owned 239,361 shares in the company, valued at approximately $9,799,439.34. This trade represents a 5.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $39.00, for a total transaction of $585,000.00.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Price Performance

Shares of NYSE:SNDA traded down $0.75 during trading on Thursday, reaching $38.92. The company had a trading volume of 412,754 shares, compared to its average volume of 441,021. 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 company has a market cap of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80. The firm’s fifty day moving average price is $40.04. Sonida Senior Living, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $44.38.

Sonida Senior Living (NYSE:SNDA) last issued 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). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The company had revenue of $207.65 million for the quarter. During the same quarter in the prior year, the firm earned ($0.16) EPS. On average, equities analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of Sonida Senior Living during the second quarter worth approximately $27,000. Allworth Financial LP acquired a new position in Sonida Senior Living during the second quarter worth $43,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living in the first quarter valued at about $45,000. Main Street Group LTD bought a new stake in shares of Sonida Senior Living during the 1st quarter worth approximately $50,000. Finally, First Bancorp Inc ME bought a new stake in Sonida Senior Living during the second quarter worth $50,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on SNDA shares. Citizens Jmp started coverage on Sonida Senior Living in a research note on Monday, July 27th. They set an “outperform” rating and a $50.00 target price for the company. Compass Point assumed 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. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Cantor Fitzgerald lifted their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Citigroup assumed coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They issued a “market outperform” rating on the stock. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sonida Senior Living presently has an average rating of “Moderate Buy” and an average target price 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.