Michael Simanovsky Sells 15,000 Shares of Sonida Senior Living (NYSE:SNDA) Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $39.00, for a total value of $585,000.00. Following the completion of the sale, the director directly owned 224,361 shares of the company’s stock, valued at $8,750,079. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 value of $4,681,650.00.

Sonida Senior Living Price Performance

Shares of SNDA stock traded down $0.75 during trading hours on Thursday, hitting $38.92. The stock had a trading volume of 412,754 shares, compared to its average volume of 441,021. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -6.29 and a beta of 0.80. The stock has a 50 day moving average price of $40.04. Sonida Senior Living, Inc. has a twelve month low of $24.94 and a twelve month high of $44.38.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The business had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. During the same period last year, the business posted ($0.16) EPS. As a group, equities analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Hedge Funds Weigh In On Sonida Senior Living

A number of large investors have recently bought and sold shares of SNDA. Compass Financial Management LLC acquired a new stake in shares of Sonida Senior Living in the 2nd quarter worth $27,000. Family Wealth Partners LLC raised its stake in shares of Sonida Senior Living by 7.6% during the 2nd quarter. Family Wealth Partners LLC now owns 11,247 shares of the company’s stock worth $459,000 after buying an additional 793 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Sonida Senior Living by 28.6% in the second quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company’s stock valued at $183,000 after buying an additional 1,000 shares in the last quarter. Allworth Financial LP acquired a new position in Sonida Senior Living during the second quarter worth $43,000. Finally, First Bancorp Inc ME purchased a new position in Sonida Senior Living in the second quarter worth $50,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SNDA shares. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Cantor Fitzgerald raised their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Citigroup started coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating on the stock. Five 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. Based on data from MarketBeat.com, Sonida Senior Living has an average rating of “Moderate Buy” and a consensus target price of $47.50.

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.