Sonida Senior Living (NYSE:SNDA) Director Benjamin Harris Sells 6,269 Shares

Sonida Senior Living, Inc. (NYSE:SNDAGet Free Report) Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the transaction, the director directly owned 10,037 shares in the company, valued at approximately $399,372.23. This represents a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sonida Senior Living Price Performance

Shares of Sonida Senior Living stock opened at $40.56 on Thursday. Sonida Senior Living, Inc. has a 1 year low of $24.94 and a 1 year high of $44.38. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -6.55 and a beta of 0.80. The company’s fifty day simple moving average is $39.49. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80.

Sonida Senior Living (NYSE:SNDAGet Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The company had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.During the same quarter in the prior year, the business earned ($0.16) earnings per share. As a group, equities analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Sonida Senior Living

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. bought a new position in shares of Sonida Senior Living in the second quarter worth $461,000. Adelante Capital Management LLC grew its holdings in Sonida Senior Living by 75.5% during the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock valued at $15,637,000 after buying an additional 234,109 shares in the last quarter. Bank of America Corp DE purchased a new position in Sonida Senior Living during the 2nd quarter valued at about $2,509,000. First Bancorp Inc ME bought a new stake in shares of Sonida Senior Living during the second quarter valued at about $50,000. Finally, J. Goldman & Co LP purchased a new stake in shares of Sonida Senior Living in the second quarter worth about $16,321,000. Institutional investors own 87.55% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Research Report on Sonida Senior Living

About Sonida Senior Living

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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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