Gaddis Premier Wealth Advisors LLC Acquires New Stake in Sonida Senior Living, Inc. $SNDA

Gaddis Premier Wealth Advisors LLC acquired a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the first quarter, Holdings Channel reports. The firm acquired 20,366 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors have also recently modified their holdings of the stock. Capital Advisors Ltd. LLC bought a new position in shares of Sonida Senior Living during the first quarter valued at $45,000. First Pacific Financial purchased a new stake in Sonida Senior Living during the 1st quarter valued at about $56,000. Darwin Wealth Management LLC bought a new stake in Sonida Senior Living during the 1st quarter valued at about $63,000. NFSG Corp bought a new stake in Sonida Senior Living during the 1st quarter valued at about $68,000. Finally, Sound Income Strategies LLC purchased a new position in Sonida Senior Living in the first quarter worth about $131,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNDA has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Cantor Fitzgerald increased their target price on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on 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, Weiss Ratings cut Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. Two equities research 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. According to data from MarketBeat, Sonida Senior Living has an average rating of “Hold” and an average price target of $41.25.

Sonida Senior Living Price Performance

SNDA stock opened at $40.49 on Friday. The company has a current ratio of 0.44, a quick 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 $42.79. The stock has a market cap of $1.92 billion, a P/E ratio of -6.94 and a beta of 0.75. The business has a fifty day moving average price of $37.47.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). The firm 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, analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living stock in a transaction on 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 $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 39.30% of the company’s stock.

About Sonida Senior Living

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.