400,023 Shares in Sonida Senior Living, Inc. $SNDA Purchased by J. Goldman & Co LP

J. Goldman & Co LP purchased a new position in Sonida Senior Living, Inc. (NYSE:SNDA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 400,023 shares of the company’s stock, valued at approximately $16,321,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new position in shares of Sonida Senior Living during the 2nd quarter worth about $43,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living in the first quarter worth approximately $45,000. Main Street Group LTD purchased a new stake in Sonida Senior Living in the first quarter valued at approximately $50,000. First Pacific Financial purchased a new stake in Sonida Senior Living in the first quarter valued at approximately $56,000. Finally, Darwin Wealth Management LLC acquired a new position in Sonida Senior Living during the first quarter worth approximately $63,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Insider Buying and Selling

In related news, Director Benjamin P. Harris sold 6,269 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction of $249,443.51. Following the transaction, the director directly owned 10,037 shares of the company’s stock, valued at approximately $399,372.23. The trade was a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 39.30% of the company’s stock.

Sonida Senior Living Trading Up 4.0%

Shares of Sonida Senior Living stock opened at $40.97 on Wednesday. Sonida Senior Living, Inc. has a twelve month low of $24.94 and a twelve month high of $44.38. The stock has a market cap of $1.97 billion, a PE ratio of -6.62 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $39.88.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $207.65 million for the quarter. During the same quarter in the previous year, the company posted ($0.16) EPS. Analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SNDA. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada lifted their target price on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Citizens Jmp began coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 price target for the company. Morgan Stanley upped their price target 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. Finally, Compass Point started coverage on Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sonida Senior Living has a consensus rating of “Moderate Buy” and an average target price of $47.50.

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.