Key Points
- Director Michael Simanovsky sold 115,000 Sonida Senior Living shares at an average $40.71, generating $4.68 million and reducing his direct holdings by 31.13% to 254,447 shares. He also sold an additional 30,086 shares in two nearby transactions.
- Sonida shares opened at $38.92 after declining 1.9%; the company recently reported a quarterly loss of $0.52 per share, significantly below the $0.09 loss analysts expected, on revenue of $207.65 million.
- Analyst sentiment remains a “Moderate Buy,” with an average price target of $47.50, while institutional investors own 87.55% of the company’s stock.
Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Michael Simanovsky sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $39.00, for a total value of $585,000.00. Following the transaction, the director owned 224,361 shares in the company, valued at approximately $8,750,079. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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 Stock Performance
NYSE:SNDA opened at $38.92 on Friday. 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 fifty-two week low of $24.94 and a fifty-two week high of $44.38. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80. The company's 50 day moving average is $40.04.
Sonida Senior Living (NYSE:SNDA - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The firm had revenue of $207.65 million during the quarter. During the same quarter last year, the firm posted ($0.16) earnings per share. Research analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.
Wall Street Analysts Forecast Growth
SNDA has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Sonida Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Morgan Stanley raised their target price on 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. Cantor Fitzgerald raised their target price 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. Finally, Weiss Ratings upgraded Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued 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 target price of $47.50.
Read Our Latest Report on Sonida Senior Living
Institutional Trading of Sonida Senior Living
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC bought a new stake in Sonida Senior Living in the second quarter valued at $27,000. Allworth Financial LP bought a new position in Sonida Senior Living in the 2nd quarter worth $43,000. First Bancorp Inc ME bought a new position in Sonida Senior Living in the 2nd quarter worth $50,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Sonida Senior Living in the 1st quarter worth about $45,000. Finally, Main Street Group LTD purchased a new stake in shares of Sonida Senior Living in the 1st quarter worth about $50,000. Hedge funds and other institutional investors own 87.55% of the company's stock.
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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