Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 26,407 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 26,407 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $38.35, for a total transaction of $1,012,708.45. Following the completion of the transaction, the director directly owned 197,954 shares in the company, valued at $7,591,535.90. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, September 1st, Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02.
• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The shares were 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 shares were sold at an average price of $40.94, for a total transaction of $617,620.84.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Stock Up 0.5%

Shares of SNDA traded up $0.20 during midday trading on Tuesday, hitting $37.70. 670,592 shares of the company traded hands, compared to its average volume of 481,527. The firm has a 50 day simple moving average of $40.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. Sonida Senior Living, Inc. has a 52 week low of $24.94 and a 52 week high of $44.38.

Sonida Senior Living (NYSE:SNDA) last issued 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). The firm had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.During the same quarter last year, the business earned ($0.16) earnings per share. Analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNDA has been the subject of a number of research reports. Morgan Stanley increased their target price on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday. Cantor Fitzgerald boosted their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their price target 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. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Finally, Citizens Jmp assumed coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They issued an “outperform” rating and a $50.00 price objective for the company. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.50.

Institutional Investors Weigh In On Sonida Senior Living

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

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.