Sonida Senior Living, Inc. (NYSE:SNDA – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $42.66 and last traded at $41.8990, with a volume of 639469 shares traded. The stock had previously closed at $42.21.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on SNDA shares. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 26th. Cantor Fitzgerald upped their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Morgan Stanley lifted their target price on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Finally, Robert W. Baird boosted their price target on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sonida Senior Living presently has a consensus rating of “Hold” and an average price target of $41.25.
Read Our Latest Research Report on SNDA
Sonida Senior Living Stock Up 0.6%
Sonida Senior Living (NYSE:SNDA – Get Free Report) last released its earnings results on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The company had revenue of $122.63 million during the quarter. As a group, equities analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.
Insider Transactions at Sonida Senior Living
In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 of the company’s stock, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.30% of the stock is owned by insiders.
Institutional Investors Weigh In On Sonida Senior Living
Several institutional investors and hedge funds have recently made changes to their positions in the company. Conversant Capital LLC boosted its holdings in Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after purchasing an additional 5,341,221 shares during the period. Irenic Capital Management LP raised its holdings in shares of Sonida Senior Living by 1,049.3% during the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after purchasing an additional 1,113,622 shares during the period. Rush Island Management LP bought a new position in shares of Sonida Senior Living in the 1st quarter worth about $7,036,000. Dimensional Fund Advisors LP acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at about $1,998,000. Finally, Cetera Investment Advisers acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at about $1,090,000. 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.
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