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 firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the completion of the sale, the director owned 100,373 shares in the company, valued at $3,856,330.66. This represents a 49.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 stock was sold at an average price of $38.35, for a total transaction of $1,012,708.45.
• 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 value 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 Price Performance

NYSE:SNDA opened at $37.70 on Wednesday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -6.09 and a beta of 0.74. Sonida Senior Living, Inc. has a 1-year low of $24.94 and a 1-year high of $44.38. The business has a fifty day simple moving average of $40.12. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last posted 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 quarter last year, the firm posted ($0.16) earnings per share. Equities analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Compass Point initiated coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price for the company. Morgan Stanley upped their price objective on shares of Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Citizens Jmp started coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They set an “outperform” rating and a $50.00 target price for the company. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Cantor Fitzgerald boosted their price objective 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 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. Based on data from MarketBeat, Sonida Senior Living currently has an average rating of “Moderate Buy” and a consensus price target of $48.50.

Hedge Funds Weigh In On Sonida Senior Living

Several large investors have recently modified their holdings of SNDA. Conversant Capital LLC raised its holdings in Sonida Senior Living by 57.7% in the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after buying an additional 5,341,221 shares during the period. BlackRock Inc. acquired a new stake in Sonida Senior Living in the 2nd quarter valued at approximately $90,515,000. Irenic Capital Management LP raised its position in Sonida Senior Living by 56.1% in the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after purchasing an additional 683,874 shares during the period. Adelante Capital Management LLC lifted its stake in Sonida Senior Living by 75.5% during the second quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock worth $15,637,000 after purchasing an additional 234,109 shares in the last quarter. Finally, J. Goldman & Co LP acquired a new stake in shares of Sonida Senior Living in the second quarter valued at $16,321,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

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.