15,226 Shares in Sonida Senior Living, Inc. $SNDA Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC bought a new position in Sonida Senior Living, Inc. (NYSE:SNDAFree Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,226 shares of the company’s stock, valued at approximately $491,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Conversant Capital LLC lifted its holdings in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after buying an additional 5,341,221 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Sonida Senior Living in the first quarter worth $1,998,000. Cetera Investment Advisers bought a new stake in shares of Sonida Senior Living in the first quarter worth $1,090,000. Kestra Advisory Services LLC bought a new stake in shares of Sonida Senior Living in the first quarter worth $1,036,000. Finally, Gaddis Premier Wealth Advisors LLC purchased a new stake in Sonida Senior Living during the first quarter valued at $657,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the business’s stock in a transaction dated 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. The trade was a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 39.30% of the company’s stock.

Sonida Senior Living Price Performance

Shares of SNDA stock opened at $40.27 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $1.91 billion, a P/E ratio of -6.91 and a beta of 0.75. Sonida Senior Living, Inc. has a 1 year low of $23.78 and a 1 year high of $44.38. The company’s fifty day simple moving average is $38.25.

Sonida Senior Living (NYSE:SNDAGet Free Report) last announced its earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing analysts’ consensus estimates 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. Equities research analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley increased their target price on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday. Citizens Jmp began coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 price target for the company. Cantor Fitzgerald increased their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Citigroup began coverage on shares of Sonida Senior Living in a research note on Monday. They issued a “market outperform” rating on the stock. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

View Our Latest Stock Analysis on SNDA

About Sonida Senior Living

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sonida Senior Living (NYSE:SNDA)

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