BlueChip Wealth Advisors LLC purchased a new position in shares of Sonida Senior Living, Inc. (NYSE:SNDA – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,726 shares of the company’s stock, valued at approximately $636,000.
Several other hedge funds also recently added to or reduced their stakes in the business. Brookstone Capital Management purchased a new position in Sonida Senior Living in the first quarter worth approximately $258,000. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the first quarter valued at $45,000. Ocean Park Asset Management LLC acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at $337,000. RFG Advisory LLC acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at $279,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Sonida Senior Living during the 1st quarter worth $545,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Cantor Fitzgerald raised their price objective on Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 26th. Robert W. Baird increased their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Morgan Stanley increased their price objective on shares of 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sonida Senior Living currently has an average rating of “Hold” and an average target price of $41.25.
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 dated Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 39.30% of the stock is owned by corporate insiders.
Sonida Senior Living Trading Down 0.6%
Sonida Senior Living stock opened at $40.02 on Wednesday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -6.87 and a beta of 0.75. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. Sonida Senior Living, Inc. has a twelve month low of $23.78 and a twelve month high of $42.79. The stock’s fifty day moving average is $37.35.
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 (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The company had revenue of $122.63 million during the quarter. Sell-side analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.
Sonida Senior Living 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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