Sonida Senior Living, Inc. (NYSE:SNDA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Six of eight brokerages rate Sonida Senior Living a buy, while one rates it a hold and one a sell. The average 12-month price target is $49.50 versus the stock’s $38.30 opening price.
• Institutional ownership is substantial, with hedge funds and institutions holding 87.55% of shares; however, insiders sold 275,343 shares worth approximately $10.9 million over the past three months.
• Recent financial results were weak: Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, and analysts expect a full-year loss of $3.21 per share.

Shares of Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $49.50.

SNDA has been the topic of a number of recent research reports. Compass Point began coverage on shares of Sonida Senior Living in a research report on Tuesday, August 11th. They set a "buy" rating and a $65.00 price target on the stock. Robert W. Baird set a $43.00 target price on shares of Sonida Senior Living and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Citigroup assumed coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They issued a "market outperform" rating on the stock. Citizens Jmp began coverage on Sonida Senior Living in a report on Monday, July 27th. They set an "outperform" rating and a $50.00 target price on the stock. Finally, Wall Street Zen upgraded Sonida Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st.

Insiders Place Their Bets

In related news, Director Michael Simanovsky sold 115,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the completion of the sale, the director owned 254,447 shares of the company's stock, valued at approximately $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Benjamin P. Harris sold 6,269 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction of $249,443.51. Following the sale, the director owned 10,037 shares of the company's stock, valued at approximately $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 275,343 shares of company stock worth $10,895,485 in the last three months. 39.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

Institutional investors and hedge funds have recently bought and sold shares of the company. Conversant Capital LLC raised its position in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company's stock valued at $471,039,000 after buying an additional 5,341,221 shares during the period. BlackRock Inc. purchased a new position in Sonida Senior Living in the second quarter worth approximately $90,515,000. Irenic Capital Management LP grew its position in Sonida Senior Living by 1,049.3% in the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company's stock worth $39,337,000 after acquiring an additional 1,113,622 shares during the period. J. Goldman & Co LP acquired a new stake in Sonida Senior Living during the second quarter worth $16,321,000. Finally, Adelante Capital Management LLC increased its stake in Sonida Senior Living by 75.5% during the second quarter. Adelante Capital Management LLC now owns 544,072 shares of the company's stock worth $15,637,000 after acquiring an additional 234,109 shares during the last quarter. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Stock Performance

Shares of SNDA stock opened at $38.30 on Monday. Sonida Senior Living has a fifty-two week low of $24.94 and a fifty-two week high of $44.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The company has a fifty day moving average price of $39.69. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -6.19 and a beta of 0.74.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.43). The business 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 last year, the firm earned ($0.16) earnings per share. On average, equities analysts forecast that Sonida Senior Living will post -3.21 earnings per share for the current year.

About Sonida Senior Living

Sonida Senior Living, formerly known as Capital Senior Living, is a Dallas-based operator of senior living communities in the United States. The company provides residential care and support services for older adults through communities offering independent living, assisted living and memory care.

Its services generally include housing, dining, housekeeping, transportation, wellness programs and social activities. Assisted living offerings also provide help with daily activities and personal care, while memory care programs are designed to support residents living with Alzheimer's disease and other forms of dementia.

Sonida serves residents across multiple U.S.

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