Insider Selling: Sonida Senior Living (NYSE:SNDA) Director Sells $4,681,650.00 in Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 115,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00. Following the sale, the director owned 254,447 shares in the company, valued at $10,358,537.37. The trade was a 31.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Simanovsky also recently made the following trade(s):

• 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 transaction 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.

Sonida Senior Living Stock Performance

Shares of SNDA stock opened at $37.53 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day simple moving average of $40.08. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -6.06 and a beta of 0.80. Sonida Senior Living, Inc. has a 52-week low of $24.94 and a 52-week high of $44.38.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The business had revenue of $207.65 million during 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 quarter last year, the firm earned ($0.16) EPS. On average, sell-side analysts forecast that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SNDA. Cantor Fitzgerald boosted 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 began coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating for the company. Royal Bank Of Canada lifted 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. Morgan Stanley boosted their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Finally, Compass Point initiated coverage on shares of Sonida Senior Living in a research report on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price for the company. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.50.

Hedge Funds Weigh In On Sonida Senior Living

Several institutional investors have recently added to or reduced their stakes in the company. Norwood Investment Partners LP purchased a new stake in Sonida Senior Living during the second quarter valued at $1,419,228. Royal Bank of Canada grew its stake in shares of Sonida Senior Living by 3,450.0% in the 1st quarter. Royal Bank of Canada now owns 27,051 shares of the company’s stock worth $873,000 after buying an additional 26,289 shares in the last quarter. Irenic Capital Management LP increased 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 worth $39,337,000 after buying an additional 1,113,622 shares during the last quarter. Rush Island Management LP bought a new stake in shares of Sonida Senior Living in the 1st quarter worth about $7,036,000. Finally, Conversant Capital LLC raised its position in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after buying an additional 5,341,221 shares in the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.

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.