Finivi Inc. Takes $873,000 Position in Sonida Senior Living, Inc. $SNDA

Finivi Inc. purchased a new stake in Sonida Senior Living, Inc. (NYSE:SNDA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,398 shares of the company’s stock, valued at approximately $873,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living during the 1st quarter worth about $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living in the first quarter worth about $50,000. First Pacific Financial acquired a new position in shares of Sonida Senior Living in the first quarter worth about $56,000. Darwin Wealth Management LLC purchased a new position in shares of Sonida Senior Living in the first quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Sonida Senior Living in the first quarter worth approximately $64,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the transaction, the director owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SNDA shares. Robert W. Baird upped their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada boosted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Citigroup started coverage on Sonida Senior Living in a report on Monday, July 27th. They issued a “market outperform” rating for the company. Cantor Fitzgerald raised their target price on Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Four 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Price Performance

SNDA opened at $40.33 on Monday. Sonida Senior Living, Inc. has a fifty-two week low of $23.93 and a fifty-two week high of $44.38. The business’s 50-day moving average price is $38.58. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $1.91 billion, a P/E ratio of -6.92 and a beta of 0.80.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $122.63 million during the quarter. On average, equities research analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal 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.