Sonida Senior Living (NYSE:SNDA) Hits New 1-Year High – Here’s Why

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.81 and last traded at $39.5010, with a volume of 619652 shares. The stock had previously closed at $36.64.

Wall Street Analyst Weigh In

SNDA has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Cantor Fitzgerald increased their target price on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings cut shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. Finally, Morgan Stanley increased their price objective on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Two 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’s stock. According to data from MarketBeat.com, Sonida Senior Living has a consensus rating of “Hold” and an average target price of $40.50.

Sonida Senior Living Price Performance

The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -6.71 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58. The stock’s 50-day simple moving average is $36.10.

Sonida Senior Living (NYSE:SNDA) last released its earnings results on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by ($0.72). The firm had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. As a group, sell-side analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Insider Activity

In related news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management bought a new stake in Sonida Senior Living during the 1st quarter valued at about $258,000. Capital Advisors Ltd. LLC bought a new position in Sonida Senior Living in the 1st quarter worth about $45,000. Ocean Park Asset Management LLC purchased a new position in shares of Sonida Senior Living during the first quarter worth approximately $337,000. RFG Advisory LLC purchased a new position in shares of Sonida Senior Living during the first quarter worth approximately $279,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Sonida Senior Living during the first quarter valued at approximately $545,000. 87.55% of the stock is currently 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.