Sonida Senior Living (NYSE:SNDA) Rating Increased to Strong-Buy at Robert W. Baird

Robert W. Baird upgraded shares of Sonida Senior Living (NYSE:SNDA) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks reports.

Several other research firms have also recently commented on SNDA. Cantor Fitzgerald lifted their target price on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Citigroup assumed coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a “market outperform” rating for the company. Finally, Royal Bank Of Canada raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Sonida Senior Living Stock Down 0.4%

SNDA opened at $37.72 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. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -6.09 and a beta of 0.74. Sonida Senior Living has a 52 week low of $24.94 and a 52 week high of $44.38. The firm’s fifty day moving average is $40.05.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings results 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 firm had revenue of $207.65 million for the quarter. Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.During the same quarter in the prior year, the company earned ($0.16) earnings per share. As a group, equities analysts expect that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Insider Buying and Selling at Sonida Senior Living

In other news, Director Benjamin Harris sold 6,269 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $39.79, for a total value of $249,443.51. Following the transaction, the director directly owned 10,037 shares in the company, valued at $399,372.23. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the completion of the transaction, the director directly owned 254,447 shares in the company, valued at $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 275,343 shares of company stock worth $10,895,485 over the last ninety days. Corporate insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

A number of institutional investors have recently added to or reduced their stakes in SNDA. Conversant Capital LLC lifted its stake in shares of Sonida Senior Living by 57.7% during the first 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 in the last quarter. BlackRock Inc. acquired a new position in Sonida Senior Living during the 2nd quarter worth approximately $90,515,000. Irenic Capital Management LP boosted its holdings in Sonida Senior Living by 56.1% in the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after acquiring an additional 683,874 shares during the period. Adelante Capital Management LLC boosted its holdings in Sonida Senior Living by 75.5% in the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock worth $15,637,000 after acquiring an additional 234,109 shares during the period. Finally, J. Goldman & Co LP acquired a new stake in Sonida Senior Living in the second quarter valued at approximately $16,321,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Sonida Senior Living Company Profile

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.