Insider Selling: Sonida Senior Living (NYSE:SNDA) Director Sells $93,650.00 in Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin Harris sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sonida Senior Living Trading Down 0.6%

NYSE SNDA opened at $34.66 on Thursday. Sonida Senior Living, Inc. has a 1-year low of $23.66 and a 1-year high of $39.66. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a 50-day moving average of $35.59. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -5.94 and a beta of 0.78.

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

Analyst Ratings Changes

SNDA has been the subject of a number of recent research reports. 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. Cantor Fitzgerald boosted their target price on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings lowered Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 target price on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Finally, Robert W. Baird boosted their target price on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, two have issued 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 “Hold” and an average target price of $40.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Sonida Senior Living by 3,450.0% during the 1st quarter. Royal Bank of Canada now owns 27,051 shares of the company’s stock valued at $873,000 after purchasing an additional 26,289 shares during the last quarter. Bank of America Corp DE raised its position in Sonida Senior Living by 76.8% during the 1st quarter. Bank of America Corp DE now owns 9,817 shares of the company’s stock valued at $317,000 after purchasing an additional 4,264 shares during the last quarter. Western Wealth Management LLC bought a new position in Sonida Senior Living during the 1st quarter valued at approximately $66,000. Gateway Wealth Partners LLC bought a new position in Sonida Senior Living during the 1st quarter valued at approximately $491,000. Finally, Irenic Capital Management LP raised its position in 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 valued at $39,337,000 after purchasing an additional 1,113,622 shares during the last quarter. Institutional investors 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.