Manatuck Hill Partners LLC Invests $4.90 Million in Sonida Senior Living, Inc. $SNDA

Key Points

• Manatuck Hill Partners purchased 120,000 Sonida Senior Living shares worth approximately $4.90 million, establishing a stake equal to about 0.25% of the company. Institutional investors collectively own 87.55% of SNDA.
• Analysts raised several price targets, with the consensus rating at “Moderate Buy” and an average target of $47.50; Compass Point issued the highest target at $65.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, on revenue of $207.65 million. Shares opened at $40.97, near their 12-month high of $44.38.

Manatuck Hill Partners LLC purchased a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 120,000 shares of the company's stock, valued at approximately $4,896,000. Sonida Senior Living accounts for about 1.6% of Manatuck Hill Partners LLC's holdings, making the stock its 17th largest position. Manatuck Hill Partners LLC owned about 0.25% of Sonida Senior Living at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have weighed in on SNDA. 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. Weiss Ratings raised Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research report on Wednesday, July 29th. Cantor Fitzgerald upped their price objective on Sonida Senior Living from $42.00 to $47.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Morgan Stanley raised their price objective on 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. Finally, Compass Point assumed coverage on Sonida Senior Living in a research note on Tuesday, August 11th. They issued a "buy" rating and a $65.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sonida Senior Living has an average rating of "Moderate Buy" and a consensus price target of $47.50.

Sonida Senior Living Stock Up 4.0%

Shares of SNDA opened at $40.97 on Wednesday. The company has a 50 day moving average price of $39.88. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. Sonida Senior Living, Inc. has a twelve month low of $24.94 and a twelve month high of $44.38. The firm has a market capitalization of $1.97 billion, a P/E ratio of -6.62 and a beta of 0.80.

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). The business 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 posted ($0.16) earnings per share. On average, sell-side analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Insider Buying and Selling

In other Sonida Senior Living news, Director Benjamin P. Harris sold 6,269 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was 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 approximately $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 can be accessed through the SEC website. Company insiders own 39.30% of the company's stock.

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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