Sonida Senior Living (NYSE:SNDA) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Sonida Senior Living (NYSE:SNDA) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks reports.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Sonida Senior Living in a report on Tuesday, October 27th. Citizens Jmp cut their price objective on Sonida Senior Living from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Friday, November 6th. Cantor Fitzgerald boosted their price objective 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, Robert W. Baird raised Sonida Senior Living from a “neutral” rating to an “outperform” rating and increased their target price for the company from $37.00 to $43.00 in a report on Thursday, September 3rd. Six 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. According to data from MarketBeat, Sonida Senior Living presently has an average rating of “Moderate Buy” and an average price target of $47.83.

Sonida Senior Living Price Performance

Shares of NYSE SNDA opened at $34.01 on Tuesday. The firm has a market cap of $1.67 billion, a PE ratio of -6.36 and a beta of 0.88. The firm has a fifty day moving average of $36.36 and a 200 day moving average of $37.14. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.88 and a current ratio of 1.47. Sonida Senior Living has a one year low of $29.66 and a one year high of $44.38.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.20). The company had revenue of $210.19 million for the quarter. Sonida Senior Living had a negative return on equity of 17.94% and a negative net margin of 20.34%. As a group, research analysts predict 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 Michael Simanovsky sold 97,581 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the completion of the sale, the director owned 100,373 shares of the company’s stock, valued at $3,856,330.66. This represents a 49.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Harris sold 6,269 shares of the company’s stock in a transaction 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 sale, the director directly owned 10,037 shares of the company’s stock, valued at $399,372.23. The trade was a 38.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 275,343 shares of company stock worth $10,895,485. 39.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Conversant Capital LLC raised its holdings in Sonida Senior Living by 57.7% in the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $90,515,000. Irenic Capital Management LP boosted its holdings in shares of Sonida Senior Living by 1,049.3% during the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after purchasing an additional 1,113,622 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $16,321,000. Finally, First Eagle Investment Management LLC grew its position in shares of Sonida Senior Living by 333.7% in the third quarter. First Eagle Investment Management LLC now owns 498,744 shares of the company’s stock valued at $18,743,000 after purchasing an additional 383,744 shares in the last quarter. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Company Profile

Sonida Senior Living is a U.S.-based owner and operator of senior living communities. Its communities offer independent living, assisted living and memory care, serving older adults with different levels of daily support. Services vary by community and may include meals, housekeeping, social and wellness programs, personal assistance and specialized support for residents with memory-related conditions. The company was formerly known as Capital Senior Living and adopted the Sonida Senior Living name in 2021.