Sonida Senior Living (NYSE:SNDA) Hits New 52-Week High – Here’s Why

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.81 and last traded at $39.5010, with a volume of 619652 shares. The stock had previously closed at $36.64.

Wall Street Analyst Weigh In

SNDA has been the topic of a number of research reports. Weiss Ratings lowered Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Robert W. Baird boosted their target price on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald lifted their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Two research 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.com, Sonida Senior Living has an average rating of “Hold” and an average target price of $40.50.

Sonida Senior Living Price Performance

The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -6.69 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm’s 50-day moving average price is $35.89.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.67) by ($0.72). The company had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. As a group, equities analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Insider Activity at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the transaction, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

A number of large investors have recently added to or reduced their stakes in SNDA. Capital Advisors Ltd. LLC bought a new position in shares of Sonida Senior Living in the 1st quarter valued at about $45,000. Main Street Group LTD bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $50,000. First Pacific Financial acquired a new stake in Sonida Senior Living in the 1st quarter valued at about $56,000. Darwin Wealth Management LLC bought a new position in Sonida Senior Living during the first quarter worth about $63,000. Finally, Sunbelt Securities Inc. acquired a new position in Sonida Senior Living during the first quarter worth approximately $64,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

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.