Key Points
- Director Michael Simanovsky sold 26,407 Sonida Senior Living shares at an average price of $38.35, generating approximately $1.01 million and reducing his direct holdings by 11.77% to 197,954 shares.
- Simanovsky has made several additional sales since August 25, totaling more than 270,000 shares, including a sale of 97,581 shares on September 1 worth approximately $3.75 million.
- Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, while analysts maintain a “Moderate Buy” consensus and an average price target of $48.50 versus the stock’s $37.70 opening price.
Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Michael Simanovsky sold 26,407 shares of Sonida Senior Living stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $38.35, for a total value of $1,012,708.45. Following the transaction, the director directly owned 197,954 shares in the company, valued at approximately $7,591,535.90. The trade was a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Michael Simanovsky also recently made the following trade(s):
- On Tuesday, September 1st, Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock. The shares were sold at an average price of $38.42, for a total value of $3,749,062.02.
- On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $39.00, for a total value of $585,000.00.
- On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.94, for a total transaction of $617,620.84.
- On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00.
Sonida Senior Living Price Performance
NYSE SNDA opened at $37.70 on Wednesday. The business has a fifty day moving average price of $40.12. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -6.09 and a beta of 0.74. 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 1 year low of $24.94 and a 1 year high of $44.38.
Sonida Senior Living (NYSE:SNDA - Get Free Report) last released 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). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The firm had revenue of $207.65 million for the quarter. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. On average, research analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new stake in shares of Sonida Senior Living during the 2nd quarter worth approximately $27,000. Allworth Financial LP bought a new position in Sonida Senior Living during the second quarter valued at $43,000. First Bancorp Inc ME purchased a new position in shares of Sonida Senior Living during the 2nd quarter valued at $50,000. Capital Advisors Ltd. LLC bought a new position in shares of Sonida Senior Living during the 1st quarter worth $45,000. Finally, Main Street Group LTD bought a new position in shares of Sonida Senior Living during the 1st quarter worth $50,000. 87.55% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Cantor Fitzgerald lifted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a "market outperform" rating on the stock. Weiss Ratings upgraded Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley raised their target price on Sonida Senior Living from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sonida Senior Living has an average rating of "Moderate Buy" and an average price target of $48.50.
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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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