Key Points
- Insider sale: Sonida Senior Living director Benjamin Harris sold 2,500 shares on May 13 for $93,650, reducing his direct stake by about 21.4% to 9,182 shares.
- Mixed earnings results: The company reported a quarterly loss of $2.39 per share, wider than the expected $1.67 loss, on revenue of $122.63 million. Analysts currently expect full-year EPS of -1.72.
- Wall Street sentiment: Analyst opinions are split, with two Buy ratings, two Hold ratings, and one Sell rating. The consensus price target stands at $40.50, above the stock’s recent trading price of $34.43.
Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Benjamin Harris sold 2,500 shares of the firm's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares of the company's stock, valued at $343,957.72. The trade was a 21.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Sonida Senior Living Price Performance
Shares of NYSE:SNDA opened at $34.43 on Tuesday. The company's 50-day simple moving average is $35.49. Sonida Senior Living, Inc. has a 1 year low of $23.66 and a 1 year high of $39.66. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -5.91 and a beta of 0.78. 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 (NYSE:SNDA - Get Free Report) last issued 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). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The business had revenue of $122.63 million during the quarter. On average, analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.
Hedge Funds Weigh In On Sonida Senior Living
Several hedge funds and other institutional investors have recently bought and sold shares of SNDA. Conversant Capital LLC raised its position in Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company's stock worth $471,039,000 after buying an additional 5,341,221 shares during the last quarter. Irenic Capital Management LP boosted its holdings in shares of Sonida Senior Living by 1,049.3% in the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company's stock valued at $39,337,000 after acquiring an additional 1,113,622 shares during the last quarter. Emmett Investment Management LP boosted its holdings in shares of Sonida Senior Living by 11.4% in the 1st quarter. Emmett Investment Management LP now owns 234,824 shares of the company's stock valued at $7,538,000 after acquiring an additional 23,990 shares during the last quarter. Rush Island Management LP acquired a new stake in shares of Sonida Senior Living in the first quarter worth $7,036,000. Finally, Renaissance Technologies LLC increased its stake in shares of Sonida Senior Living by 6.0% in the first quarter. Renaissance Technologies LLC now owns 134,776 shares of the company's stock worth $4,347,000 after acquiring an additional 7,585 shares during the period. Institutional investors and hedge funds own 87.55% of the company's stock.
Wall Street Analysts Forecast Growth
SNDA has been the subject of a number of recent analyst reports. Robert W. Baird lifted their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Cantor Fitzgerald raised their price target on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Morgan Stanley lifted 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 note on Friday, May 29th. Weiss Ratings lowered shares of Sonida Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $45.00 target price on shares of Sonida Senior Living in a research report on Tuesday, May 12th. Two 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $40.50.
View Our Latest Analysis on Sonida Senior Living
Sonida Senior Living Company Profile
(
Get 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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