Norwood Investment Partners LP Acquires Shares of 34,785 Sonida Senior Living, Inc. $SNDA

Key Points

• Norwood Investment Partners acquired 34,785 Sonida Senior Living shares, representing about 2% of its portfolio and 0.07% of Sonida’s outstanding stock. Institutional investors and hedge funds collectively own 87.55% of SNDA.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 loss analysts expected, on revenue of $207.65 million. Analysts forecast a full-year loss of $1.72 per share.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $47.50 price target versus the stock’s $39.56 opening price; targets range from $38 to $65.

Norwood Investment Partners LP bought a new position in Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 34,785 shares of the company's stock, valued at approximately $1,419,228,000. Sonida Senior Living makes up approximately 2.0% of Norwood Investment Partners LP's investment portfolio, making the stock its 14th biggest position. Norwood Investment Partners LP owned about 0.07% of Sonida Senior Living as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SNDA. Conversant Capital LLC increased its holdings in shares of Sonida Senior Living by 57.7% in the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company's stock valued at $471,039,000 after purchasing an additional 5,341,221 shares during the last quarter. BlackRock Inc. acquired a new position in Sonida Senior Living during the second quarter worth $90,515,000. Irenic Capital Management LP grew its holdings in Sonida Senior Living by 1,049.3% in the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company's stock valued at $39,337,000 after buying an additional 1,113,622 shares in the last quarter. Emmett Investment Management LP grew its holdings in Sonida Senior Living by 11.4% in the 1st quarter. Emmett Investment Management LP now owns 234,824 shares of the company's stock valued at $7,538,000 after buying an additional 23,990 shares in the last quarter. Finally, Rush Island Management LP acquired a new stake in shares of Sonida Senior Living in the 1st quarter worth $7,036,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Stock Performance

Sonida Senior Living stock opened at $39.56 on Friday. The firm has a market cap of $1.90 billion, a P/E ratio of -6.39 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. Sonida Senior Living, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $44.38. The firm has a 50 day moving average of $39.66.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $207.65 million for the quarter. During the same quarter last year, the business earned ($0.16) EPS. As a group, equities research analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SNDA. Citizens Jmp assumed coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set an "outperform" rating and a $50.00 price target on the stock. Wall Street Zen upgraded shares of Sonida Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley boosted their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, May 29th. Compass Point began coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They issued a "buy" rating and a $65.00 price target for the company. Finally, Citigroup began coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set a "market outperform" rating for the company. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sonida Senior Living has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.

Insider Activity

In related news, Director Benjamin P. Harris sold 6,269 shares of the stock in a transaction dated Friday, August 14th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.30% of the company's stock.

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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