Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 115,000 Shares

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 115,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00. Following the sale, the director directly owned 254,447 shares of the company’s stock, valued at approximately $10,358,537.37. This trade represents a 31.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $39.00, for a total transaction 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 transaction of $617,620.84.

Sonida Senior Living Stock Down 1.9%

Sonida Senior Living stock opened at $38.92 on Friday. The stock has a fifty day simple moving average of $40.04. Sonida Senior Living, Inc. has a 52-week low of $24.94 and a 52-week high of $44.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on SNDA shares. Cantor Fitzgerald raised their target price on Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Citigroup began coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They set a “market outperform” rating on the stock. Finally, Compass Point assumed coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Hedge Funds Weigh In On Sonida Senior Living

A number of institutional investors have recently made changes to their positions in SNDA. California State Teachers Retirement System increased its stake in shares of Sonida Senior Living by 5,353.9% in the second quarter. California State Teachers Retirement System now owns 16,198 shares of the company’s stock worth $661,000 after buying an additional 15,901 shares during the last quarter. Irenic Capital Management LP boosted its stake in Sonida Senior Living by 56.1% during the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after acquiring an additional 683,874 shares during the last quarter. Compass Financial Management LLC acquired a new position in Sonida Senior Living during the 2nd quarter worth $27,000. AXQ Capital LP acquired a new position in Sonida Senior Living during the 2nd quarter worth $422,000. Finally, Centaurus Financial Inc. bought a new stake in shares of Sonida Senior Living in the 2nd quarter worth about $461,000. 87.55% of the stock is owned by institutional investors and hedge funds.

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.