Gaddis Premier Wealth Advisors LLC Takes $657,000 Position in Sonida Senior Living, Inc. $SNDA

Gaddis Premier Wealth Advisors LLC bought a new position in Sonida Senior Living, Inc. (NYSE:SNDA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,366 shares of the company’s stock, valued at approximately $657,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living during the 1st quarter valued at $45,000. First Pacific Financial purchased a new position in shares of Sonida Senior Living in the first quarter valued at about $56,000. Darwin Wealth Management LLC purchased a new position in shares of Sonida Senior Living in the first quarter valued at about $63,000. NFSG Corp bought a new position in shares of Sonida Senior Living during the first quarter valued at about $68,000. Finally, Sound Income Strategies LLC bought a new position in shares of Sonida Senior Living during the first quarter valued at about $131,000. 87.55% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the transaction, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 39.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNDA has been the topic of a number of research analyst reports. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings cut Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Morgan Stanley boosted their target price on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Royal Bank Of Canada upped 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. Finally, Robert W. Baird lifted their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sonida Senior Living currently has an average rating of “Hold” and an average target price of $41.25.

Sonida Senior Living Stock Up 3.4%

NYSE SNDA opened at $40.49 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. Sonida Senior Living, Inc. has a twelve month low of $23.78 and a twelve month high of $42.79. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -6.94 and a beta of 0.75. The company’s 50 day moving average price is $37.47.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings results on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing the consensus estimate of ($1.67) by ($0.72). The firm had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. On average, research analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

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.