Sonida Senior Living, Inc. (NYSE:SNDA – Get Free Report) shares 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 trading hands. The stock had previously closed at $36.64.
Wall Street Analyst Weigh In
Several research analysts have recently commented on SNDA shares. Robert W. Baird lifted their target price 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of Sonida Senior Living in a report on Tuesday, May 12th. Wall Street Zen cut shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings downgraded shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, June 8th. Finally, Cantor Fitzgerald increased 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.50.
Check Out Our Latest Report on SNDA
Sonida Senior Living Price Performance
Sonida Senior Living (NYSE:SNDA – Get Free Report) last released its quarterly 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). The firm had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. On average, equities analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal 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 stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director 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 this hyperlink. 39.30% of the stock is owned by insiders.
Hedge Funds Weigh In On Sonida Senior Living
A number of hedge funds have recently bought and sold shares of SNDA. Capital Advisors Ltd. LLC bought a new stake in Sonida Senior Living in the 1st quarter valued at about $45,000. Main Street Group LTD bought a new position in shares of Sonida Senior Living during the first quarter worth approximately $50,000. First Pacific Financial acquired a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $56,000. Darwin Wealth Management LLC acquired a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $63,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $64,000. 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.
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