Sonida Senior Living (NYSE:SNDA) Sets New 52-Week High – Time to Buy?

Sonida Senior Living, Inc. (NYSE:SNDA)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $40.71 and last traded at $41.1560, with a volume of 145939 shares changing hands. The stock had previously closed at $39.67.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. Cantor Fitzgerald boosted their price target on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock 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 research note on Sunday, April 26th. 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 report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.25.

Sonida Senior Living Stock Up 5.2%

The stock’s 50 day moving average price is $36.27. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -7.17 and a beta of 0.78. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last issued 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 business 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%. Research analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Benjamin P. Harris sold 2,500 shares of Sonida Senior Living stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the transaction, the director directly owned 9,182 shares in the company, valued at $343,957.72. The trade was a 21.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sonida Senior Living

Several hedge funds have recently made changes to their positions in the company. Conversant Capital LLC increased its holdings in Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after buying an additional 5,341,221 shares during the last quarter. Irenic Capital Management LP lifted its holdings in shares of Sonida Senior Living by 1,049.3% during the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after acquiring an additional 1,113,622 shares during the period. Rush Island Management LP acquired a new stake in shares of Sonida Senior Living in the 1st quarter valued at $7,036,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sonida Senior Living during the 1st quarter worth about $1,998,000. Finally, Cetera Investment Advisers bought a new position in shares of Sonida Senior Living in the first quarter valued at approximately $1,090,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

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.