J. Goldman & Co LP Acquires New Position in Sonida Senior Living, Inc. $SNDA

Key Points

• J. Goldman & Co. LP acquired 400,023 shares of Sonida Senior Living worth approximately $16.3 million, representing about 0.83% of the company. Institutional investors and hedge funds collectively own 87.55% of SNDA.
• Analyst sentiment is generally positive: SNDA has a consensus rating of “Moderate Buy” and an average price target of $47.50, compared with a recent share price of $40.97.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, while revenue totaled $207.65 million. The company’s stock trades between a 52-week range of $24.94 and $44.38.

J. Goldman & Co LP acquired a new position in shares of Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 400,023 shares of the company's stock, valued at approximately $16,321,000. J. Goldman & Co LP owned approximately 0.83% of Sonida Senior Living at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in shares of Sonida Senior Living during the 2nd quarter valued at approximately $43,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living in the 1st quarter worth approximately $45,000. Main Street Group LTD acquired a new stake in shares of Sonida Senior Living in the 1st quarter worth approximately $50,000. First Pacific Financial purchased a new position in Sonida Senior Living in the 1st quarter valued at approximately $56,000. Finally, Darwin Wealth Management LLC acquired a new position in Sonida Senior Living during the first quarter worth $63,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 6,269 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the transaction, the director 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 SEC, which is available at the SEC website. 39.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNDA has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on Sonida Senior Living from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. 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. Compass Point assumed coverage on shares of Sonida Senior Living in a report on Tuesday, August 11th. They set a "buy" rating and a $65.00 target price for the company. Citizens Jmp initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an "outperform" rating and a $50.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

Sonida Senior Living Stock Up 4.0%

Shares of NYSE:SNDA opened at $40.97 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $1.97 billion, a P/E ratio of -6.62 and a beta of 0.80. Sonida Senior Living, Inc. has a 52-week low of $24.94 and a 52-week high of $44.38. The firm has a fifty day moving average of $39.88.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) 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 company had revenue of $207.65 million for the quarter. During the same period in the previous year, the company posted ($0.16) EPS. On average, sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

About Sonida Senior Living

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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