Sonida Senior Living (NYSE:SNDA) Sets New 52-Week High – What’s Next?

Sonida Senior Living, Inc. (NYSE:SNDA)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.00 and last traded at $43.86, with a volume of 39822 shares trading hands. The stock had previously closed at $41.69.

Analyst Ratings Changes

Several research firms have recently commented on SNDA. Citigroup assumed coverage on Sonida Senior Living in a report on Monday. They set a “market outperform” rating on the stock. Royal Bank Of Canada upped their price objective 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. Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings lowered shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley increased their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Trading Up 0.9%

The firm has a fifty day simple moving average of $38.06. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -7.41 and a beta of 0.75.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data 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). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The company had revenue of $122.63 million during the quarter. On average, equities analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the sale, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. The trade was a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

Hedge funds have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the first quarter valued at approximately $45,000. Main Street Group LTD purchased a new position in shares of Sonida Senior Living during the first quarter worth $50,000. First Pacific Financial acquired a new stake in shares of Sonida Senior Living in the first quarter valued at $56,000. Darwin Wealth Management LLC acquired a new stake in shares of Sonida Senior Living in the first quarter valued at $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Sonida Senior Living in the 1st quarter valued at $64,000. Hedge funds and other institutional investors 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.