Bank of New York Mellon Corp Purchases Shares of 88,940 Sonida Senior Living, Inc. $SNDA

Key Points

• Bank of New York Mellon acquired 88,940 Sonida Senior Living shares valued at approximately $3.63 million, while institutional investors collectively owned 87.55% of the company.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, on revenue of $207.65 million. The stock opened at $37.72, within its 12-month range of $24.94 to $44.38.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $49.50 price target, although insiders sold 275,343 shares worth about $10.9 million during the quarter.

Bank of New York Mellon Corp purchased a new stake in Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,940 shares of the company's stock, valued at approximately $3,629,000. Bank of New York Mellon Corp owned about 0.19% of Sonida Senior Living at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNDA. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the 1st quarter valued at approximately $45,000. Main Street Group LTD purchased a new position in Sonida Senior Living during the first quarter worth $50,000. First Pacific Financial purchased a new position in Sonida Senior Living during the first quarter worth $56,000. Darwin Wealth Management LLC acquired a new position in shares of Sonida Senior Living in the first quarter worth $63,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Sonida Senior Living in the first quarter worth $64,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Sonida Senior Living Trading Up 0.1%

SNDA stock opened at $37.72 on Monday. The stock has a market capitalization of $1.81 billion, a P/E ratio of -6.09 and a beta of 0.74. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. The firm's 50-day moving average price is $40.05. Sonida Senior Living, Inc. has a 12-month low of $24.94 and a 12-month high of $44.38.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last announced its quarterly 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). 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 period last year, the business posted ($0.16) earnings per share. Equities analysts forecast that Sonida Senior Living, Inc. will post -3.21 EPS for the current fiscal year.

Insider Activity

In other Sonida Senior Living news, Director Benjamin Harris sold 6,269 shares of the stock in a transaction that occurred on 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 owned 10,037 shares of the company's stock, valued at $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Simanovsky sold 97,581 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the transaction, the director directly owned 100,373 shares in the company, valued at approximately $3,856,330.66. The trade was a 49.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 275,343 shares of company stock worth $10,895,485. Company insiders own 39.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SNDA shares. Compass Point began coverage on Sonida Senior Living in a research note on Tuesday, August 11th. They set a "buy" rating and a $65.00 price objective on the stock. Wall Street Zen raised shares of Sonida Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Citizens Jmp started coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an "outperform" rating and a $50.00 target price on the stock. Citigroup began coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They set a "market outperform" rating on the stock. Finally, Robert W. Baird set a $43.00 price target on shares of Sonida Senior Living and gave the stock an "outperform" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sonida Senior Living presently has an average rating of "Moderate Buy" and an average price target of $49.50.

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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