Cetera Investment Advisers Invests $1.09 Million in Sonida Senior Living, Inc. $SNDA

Key Points

• Cetera Investment Advisers acquired 33,813 Sonida Senior Living shares worth approximately $1.09 million in the first quarter, while institutional investors and hedge funds collectively own 87.55% of the stock.
• Analysts have a “Moderate Buy” consensus on SNDA, with an average price target of $47.50; recent targets range from $37 to $50.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, despite generating $207.65 million in revenue. The company had a negative net margin of 23.27% and analysts expect a full-year loss of $1.72 per share.

Cetera Investment Advisers acquired a new position in shares of Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,813 shares of the company's stock, valued at approximately $1,090,000. Cetera Investment Advisers owned about 0.07% of Sonida Senior Living as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Capital Advisors Ltd. LLC bought a new position in Sonida Senior Living in the first quarter valued at about $45,000. Main Street Group LTD bought a new position in shares of Sonida Senior Living in the first quarter worth about $50,000. First Pacific Financial bought a new position in shares of Sonida Senior Living in the first quarter worth about $56,000. Darwin Wealth Management LLC acquired a new stake in shares of Sonida Senior Living in the 1st quarter valued at approximately $63,000. Finally, NFSG Corp acquired a new stake in shares of Sonida Senior Living in the 1st quarter valued at approximately $68,000. 87.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNDA has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. 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. 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. Citizens Jmp began coverage on Sonida Senior Living in a report on Monday, July 27th. They set an "outperform" rating and a $50.00 price objective on the stock. Finally, Royal Bank Of Canada upped their target price on Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Sonida Senior Living Price Performance

SNDA opened at $39.18 on Friday. Sonida Senior Living, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $44.38. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -6.33 and a beta of 0.80. The stock's 50 day simple moving average is $39.10.

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 (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The business had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 37.00%. During the same period in the prior year, the business posted ($0.16) EPS. As a group, equities research analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Sonida Senior Living 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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