Sonida Senior Living (NYSE:SNDA) Stock Rating Upgraded by Robert W. Baird

Sonida Senior Living (NYSE:SNDA) was upgraded by Robert W. Baird from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

SNDA has been the topic of a number of other research reports. Citizens Jmp started coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set an “outperform” rating and a $50.00 price objective on the stock. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley lifted their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Sonida Senior Living Price Performance

Sonida Senior Living stock opened at $37.72 on Thursday. The company has a 50 day simple moving average of $40.05. Sonida Senior Living has a 1-year low of $24.94 and a 1-year high of $44.38. The stock has a market capitalization of $1.81 billion, a P/E ratio of -6.09 and a beta of 0.74. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings data 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). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The business had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) EPS. On average, equities research analysts anticipate that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Simanovsky sold 115,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was 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. This trade represents a 31.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Harris sold 6,269 shares of Sonida Senior Living stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the sale, the director directly owned 10,037 shares of the company’s stock, valued at approximately $399,372.23. This represents a 38.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 275,343 shares of company stock worth $10,895,485. Corporate insiders own 39.30% of the company’s stock.

Hedge Funds Weigh In On Sonida Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of SNDA. Brookstone Capital Management acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at $258,000. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living during the first quarter worth about $45,000. Ocean Park Asset Management LLC purchased a new position in shares of Sonida Senior Living in the 1st quarter worth about $337,000. RFG Advisory LLC acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at about $279,000. Finally, Ritholtz Wealth Management purchased a new position in Sonida Senior Living in the first quarter valued at approximately $545,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

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.