Insider Selling: Sonida Senior Living (NYSE:SNDA) Director Sells $249,443.51 in Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the transaction, the director directly owned 10,037 shares of the company’s stock, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sonida Senior Living Trading Up 0.7%

Shares of SNDA stock opened at $39.56 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. Sonida Senior Living, Inc. has a 12-month low of $24.94 and a 12-month high of $44.38. The stock has a market capitalization of $1.90 billion, a PE ratio of -6.39 and a beta of 0.80. The stock has a 50 day moving average of $39.66.

Sonida Senior Living (NYSE:SNDA) last announced its earnings results on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The company had revenue of $207.65 million for 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 period in the previous year, the company posted ($0.16) EPS. As a group, equities analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on SNDA shares. Citizens Jmp began coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued an “outperform” rating and a $50.00 target price on the stock. 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 report on Tuesday, August 11th. Citigroup started coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set a “market outperform” rating for the company. Compass Point started coverage on shares of Sonida Senior Living in a report on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Family Wealth Partners LLC lifted its position in shares of Sonida Senior Living by 7.6% in the second quarter. Family Wealth Partners LLC now owns 11,247 shares of the company’s stock valued at $459,000 after acquiring an additional 793 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Sonida Senior Living by 28.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company’s stock valued at $183,000 after purchasing an additional 1,000 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Sonida Senior Living during the second quarter valued at about $43,000. First Bancorp Inc ME bought a new stake in shares of Sonida Senior Living in the second quarter worth about $50,000. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Sonida Senior Living in the first quarter worth about $45,000. 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.