Sonida Senior Living, Inc. (NYSE:SNDA – Get Free Report) Director Michael Simanovsky sold 15,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $39.00, for a total transaction of $585,000.00. Following the transaction, the director directly owned 224,361 shares of the company’s stock, valued at approximately $8,750,079. This trade represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Simanovsky also recently made the following trade(s):
- On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.94, for a total value of $617,620.84.
- On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00.
Sonida Senior Living Trading Down 1.9%
SNDA traded down $0.75 during trading hours on Thursday, hitting $38.92. 412,754 shares of the company’s stock were exchanged, compared to its average volume of 441,021. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. Sonida Senior Living, Inc. has a 12-month low of $24.94 and a 12-month high of $44.38. The stock’s 50 day moving average price is $40.04.
Hedge Funds Weigh In On Sonida Senior Living
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new stake in Sonida Senior Living during the second quarter worth approximately $27,000. Allworth Financial LP acquired a new position in shares of Sonida Senior Living in the 2nd quarter valued at $43,000. First Bancorp Inc ME purchased a new position in shares of Sonida Senior Living in the 2nd quarter valued at $50,000. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living during the 1st quarter worth $45,000. Finally, Main Street Group LTD acquired a new stake in Sonida Senior Living during the 1st quarter worth $50,000. 87.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Compass Point initiated coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price on the stock. Morgan Stanley lifted their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price target on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Cantor Fitzgerald raised their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.
Check Out Our Latest Report on Sonida Senior Living
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.
Read More
- Five stocks we like better than Sonida Senior Living
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Sonida Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonida Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.
