Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 97,581 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 97,581 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total value of $3,749,062.02. Following the sale, the director owned 100,373 shares of the company’s stock, valued at approximately $3,856,330.66. This trade represents a 49.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Michael Simanovsky also recently made the following trade(s):

• On Friday, August 28th, Michael Simanovsky sold 26,407 shares of Sonida Senior Living stock. The shares were sold at an average price of $38.35, for a total value of $1,012,708.45.
• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $39.00, for a total transaction of $585,000.00.
• On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.94, for a total value of $617,620.84.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Trading Up 0.5%

SNDA traded up $0.20 during trading hours on Tuesday, reaching $37.70. The company’s stock had a trading volume of 670,592 shares, compared to its average volume of 481,527. Sonida Senior Living, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $44.38. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50-day moving average of $40.12.

Sonida Senior Living (NYSE:SNDA) last posted its 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). 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 for the quarter. During the same period last year, the business posted ($0.16) earnings per share. As a group, equities research analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in Sonida Senior Living during the 2nd quarter worth about $27,000. Allworth Financial LP purchased a new position in shares of Sonida Senior Living in the 2nd quarter valued at about $43,000. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living in the 1st quarter valued at about $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living during the first quarter worth about $50,000. Finally, First Bancorp Inc ME purchased a new position in Sonida Senior Living in the second quarter worth approximately $50,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNDA has been the subject of a number of recent analyst reports. 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. Citizens Jmp initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued an “outperform” rating and a $50.00 target price on the stock. Morgan Stanley raised their price target on Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Compass Point initiated coverage on Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Cantor Fitzgerald increased their target price 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. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sonida Senior Living currently has a consensus rating of “Moderate Buy” and an average price target of $48.50.

About Sonida Senior Living

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.