Rush Island Management LP Makes New $7.04 Million Investment in Sonida Senior Living, Inc. $SNDA

Rush Island Management LP purchased a new stake in Sonida Senior Living, Inc. (NYSE:SNDA) in the 1st quarter, Holdings Channel reports. The firm purchased 218,171 shares of the company’s stock, valued at approximately $7,036,000. Sonida Senior Living makes up 0.5% of Rush Island Management LP’s portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brookstone Capital Management purchased a new position in shares of Sonida Senior Living during the 1st quarter worth about $258,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living in the first quarter worth approximately $45,000. Ocean Park Asset Management LLC purchased a new stake in Sonida Senior Living in the first quarter valued at approximately $337,000. RFG Advisory LLC purchased a new stake in Sonida Senior Living in the first quarter valued at approximately $279,000. Finally, Ritholtz Wealth Management acquired a new position in Sonida Senior Living during the first quarter worth approximately $545,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SNDA shares. Citizens Jmp started coverage on shares of Sonida Senior Living in a report on Monday. They issued an “outperform” rating and a $50.00 price target on the stock. Weiss Ratings lowered Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Citigroup assumed coverage on Sonida Senior Living in a research report on Monday. They set a “market outperform” rating for the company. Finally, Robert W. Baird upped their price target on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.00.

Insider Transactions at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living 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 sale, the director owned 9,182 shares in the company, valued at $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.30% of the stock is owned by company insiders.

Sonida Senior Living Stock Performance

SNDA stock opened at $43.19 on Wednesday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -7.41 and a beta of 0.75. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58. Sonida Senior Living, Inc. has a 1 year low of $23.78 and a 1 year high of $44.38. The company has a 50-day moving average of $38.06.

Sonida Senior Living (NYSE:SNDA) last released 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). The company had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. On average, equities research analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current 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.