Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 26,407 Shares

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 26,407 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $38.35, for a total value of $1,012,708.45. Following the completion of the transaction, the director directly owned 197,954 shares in the company, valued at $7,591,535.90. This represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 1st, Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock. The stock was sold at an average price of $38.42, for a total value of $3,749,062.02.
• 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 value of $585,000.00.
• 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 Stock Up 0.5%

Shares of SNDA stock opened at $37.70 on Wednesday. The firm has a market cap of $1.81 billion, a P/E ratio of -6.09 and a beta of 0.74. Sonida Senior Living, Inc. has a 52 week low of $24.94 and a 52 week high of $44.38. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The stock’s 50 day moving average is $40.12.

Sonida Senior Living (NYSE:SNDA) last released its earnings results 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 quarter in the previous year, the firm earned ($0.16) EPS. Analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNDA shares. Cantor Fitzgerald upped their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded 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 Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup started coverage on Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating on the stock. Finally, Morgan Stanley raised their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SNDA. Brookstone Capital Management acquired a new position in shares of Sonida Senior Living during the first quarter valued at about $258,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living in the 1st quarter worth about $45,000. Ocean Park Asset Management LLC acquired a new stake in shares of Sonida Senior Living in the 1st quarter worth about $337,000. RFG Advisory LLC bought a new position in Sonida Senior Living in the 1st quarter valued at about $279,000. Finally, Ritholtz Wealth Management bought a new position in Sonida Senior Living in the 1st quarter valued at about $545,000. 87.55% of the stock is owned by institutional investors.

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.