61,507 Shares in Sonida Senior Living, Inc. $SNDA Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 61,507 Sonida Senior Living shares worth approximately $2.5 million, giving it a 0.13% stake. Institutional investors collectively own 87.55% of the company.
• Sonida reported a quarterly loss of $0.52 per share, missing estimates by $0.43, on revenue of $207.65 million. Analysts project a full-year loss of $3.21 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $49.50 price target, although insiders sold roughly $10.9 million of stock over the past 90 days.

Bank of America Corp DE acquired a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 61,507 shares of the company's stock, valued at approximately $2,509,000. Bank of America Corp DE owned about 0.13% of Sonida Senior Living as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNDA. Allworth Financial LP bought a new position in Sonida Senior Living during the second quarter valued at $43,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Sonida Senior Living in the 1st quarter worth $45,000. Main Street Group LTD bought a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $50,000. First Bancorp Inc ME bought a new stake in Sonida Senior Living during the 2nd quarter valued at $50,000. Finally, First Pacific Financial purchased a new position in shares of Sonida Senior Living in the 1st quarter valued at $56,000. Hedge funds and other institutional investors own 87.55% of the company's stock.

Sonida Senior Living Trading Up 0.2%

Shares of NYSE:SNDA opened at $37.69 on Thursday. The firm has a market cap of $1.81 billion, a P/E ratio of -6.09 and a beta of 0.74. Sonida Senior Living, Inc. has a 12-month low of $24.94 and a 12-month high of $44.38. The business's 50-day simple moving average is $39.29. 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 (NYSE:SNDA - Get Free Report) last issued its quarterly 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). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The business had revenue of $207.65 million for the quarter. During the same quarter in the previous year, the business earned ($0.16) EPS. As a group, equities research analysts predict that Sonida Senior Living, Inc. will post -3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SNDA shares. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Morgan Stanley increased their target price on Sonida Senior Living from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 1st. Citizens Jmp initiated coverage on shares of 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. Robert W. Baird set a $43.00 price objective on Sonida Senior Living and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Finally, Wall Street Zen raised Sonida Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.50.

Insider Buying and Selling at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 6,269 shares of the company'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 of the company's stock, valued at approximately $399,372.23. This represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Simanovsky sold 115,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $40.71, for a total value of $4,681,650.00. Following the sale, the director owned 254,447 shares of the company's stock, valued at $10,358,537.37. This trade represents a 31.13% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 275,343 shares of company stock valued at $10,895,485. Company insiders own 39.30% of the company's stock.

Sonida Senior Living Profile

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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