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

Sonida Senior Living, Inc. (NYSE:SNDA) Director Michael Simanovsky sold 26,407 shares of Sonida Senior Living stock in a transaction that occurred 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 represents a 11.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were 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 stock was 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 Performance

NYSE SNDA opened at $37.71 on Thursday. The company has a market capitalization of $1.81 billion, a PE 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 firm has a fifty day moving average of $40.11. 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 released its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The company had revenue of $207.65 million for 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 period in the previous year, the company posted ($0.16) earnings per share. On average, research analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SNDA. Compass Financial Management LLC acquired a new stake in shares of Sonida Senior Living during the 2nd quarter valued at $27,000. Allworth Financial LP purchased a new stake in shares of Sonida Senior Living during the second quarter worth $43,000. First Bancorp Inc ME acquired a new stake in Sonida Senior Living during the second quarter valued at $50,000. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living during the first quarter valued at $45,000. Finally, Main Street Group LTD purchased a new position in Sonida Senior Living in the first quarter valued at about $50,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Analyst Ratings Changes

SNDA has been the topic of several recent analyst reports. Citigroup assumed coverage on Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating on the stock. Royal Bank Of Canada boosted their price target on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Citizens Jmp started coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They issued an “outperform” rating and a $50.00 price target for the company. Cantor Fitzgerald raised their price objective on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.50.

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.