28,113 Shares in Sonida Senior Living, Inc. $SNDA Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 28,113 Sonida Senior Living shares worth approximately $1.15 million, while institutional investors collectively own 87.55% of the company.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09-loss analyst consensus by $0.43. Revenue totaled $207.65 million, while the company posted negative margins and return on equity.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $47.50, above the stock’s reported $37.53 price; however, insiders sold 151,355 shares worth $6.13 million over the past 90 days.

Deutsche Bank AG acquired a new stake in Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,113 shares of the company's stock, valued at approximately $1,147,000. Deutsche Bank AG owned about 0.06% of Sonida Senior Living as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Brookstone Capital Management acquired a new position in shares of Sonida Senior Living during the first quarter worth approximately $258,000. Capital Advisors Ltd. LLC bought a new position in Sonida Senior Living in the 1st quarter worth approximately $45,000. Ocean Park Asset Management LLC bought a new position in Sonida Senior Living in the 1st quarter valued at $337,000. RFG Advisory LLC acquired a new stake in shares of Sonida Senior Living in the 1st quarter valued at $279,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Sonida Senior Living during the first quarter worth $545,000. Institutional investors own 87.55% of the company's stock.

Sonida Senior Living Trading Up 0.2%

Sonida Senior Living stock opened at $37.53 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The company has a fifty day simple moving average of $40.08. The company has a market capitalization of $1.80 billion, a P/E ratio of -6.06 and a beta of 0.80. Sonida Senior Living, Inc. has a 1-year low of $24.94 and a 1-year high of $44.38.

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 the consensus estimate of ($0.09) by ($0.43). The company 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 quarter in the previous year, the firm earned ($0.16) EPS. On average, equities research analysts forecast that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Insider Transactions at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 6,269 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the sale, the director directly owned 10,037 shares in the company, valued at approximately $399,372.23. This trade represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Simanovsky sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $39.00, for a total value of $585,000.00. Following the transaction, the director directly owned 224,361 shares in the company, valued at $8,750,079. The trade was a 6.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 151,355 shares of company stock worth $6,133,714. 39.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SNDA shares. Citizens Jmp started coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set an "outperform" rating and a $50.00 price target for the company. Royal Bank Of Canada raised their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research report on Wednesday, July 29th. Cantor Fitzgerald increased their price target on Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Finally, Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a "market outperform" rating on the stock. 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.50.

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.

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