Key Points
- Director Benjamin Harris sold 6,269 Sonida Senior Living shares at an average price of $39.79, generating approximately $249,444. His remaining stake fell by 38.45% to 10,037 shares.
- Sonida reported quarterly revenue of $207.65 million but missed earnings expectations, posting a loss of $0.52 per share versus the consensus estimate of a $0.09 loss. Analysts expect a full-year loss of $1.72 per share.
- Institutional investors own 87.55% of the company, while analysts maintain a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $47.50, above the stock’s reported $40.56 opening price.
Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Benjamin Harris sold 6,269 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the transaction, the director owned 10,037 shares of the company's stock, valued at $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sonida Senior Living Stock Performance
Sonida Senior Living stock opened at $40.56 on Thursday. 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, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $44.38. The company has a market capitalization of $1.95 billion, a PE ratio of -6.55 and a beta of 0.80. The stock has a fifty day moving average price of $39.49.
Sonida Senior Living (NYSE:SNDA - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The business had revenue of $207.65 million for the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. During the same period last year, the company earned ($0.16) earnings per share. Sell-side analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.
Institutional Investors Weigh In On Sonida Senior Living
A number of hedge funds and other institutional investors have recently modified their holdings of SNDA. Conversant Capital LLC increased its stake in Sonida Senior Living by 57.7% in the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company's stock worth $471,039,000 after purchasing an additional 5,341,221 shares during the period. BlackRock Inc. bought a new stake in Sonida Senior Living in the second quarter valued at approximately $90,515,000. Irenic Capital Management LP boosted its stake in shares of Sonida Senior Living by 1,049.3% during the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company's stock valued at $39,337,000 after purchasing an additional 1,113,622 shares during the period. J. Goldman & Co LP purchased a new stake in shares of Sonida Senior Living during the second quarter valued at approximately $16,321,000. Finally, Solas Capital Management LLC purchased a new position in shares of Sonida Senior Living in the second quarter worth $13,777,000. Institutional investors own 87.55% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Sonida Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Citigroup started coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued a "market outperform" rating on the stock. Cantor Fitzgerald upped their price objective on Sonida Senior Living from $42.00 to $47.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Citizens Jmp assumed coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued an "outperform" rating and a $50.00 target price for the company. Finally, Weiss Ratings raised shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.50.
View Our Latest Research Report on SNDA
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.
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