Sonida Senior Living, Inc. $SNDA Shares Acquired by Adelante Capital Management LLC

Adelante Capital Management LLC raised its holdings in Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) by 75.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 544,072 shares of the company's stock after acquiring an additional 234,109 shares during the period. Sonida Senior Living makes up approximately 1.0% of Adelante Capital Management LLC's investment portfolio, making the stock its 27th largest position. Adelante Capital Management LLC owned about 1.13% of Sonida Senior Living worth $15,637,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SNDA. Allworth Financial LP purchased a new position in Sonida Senior Living in the second quarter worth approximately $43,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living during the first quarter worth about $45,000. Main Street Group LTD purchased a new stake in shares of Sonida Senior Living during the first quarter worth $50,000. First Bancorp Inc ME acquired a new position in shares of Sonida Senior Living during the second quarter worth about $50,000. Finally, First Pacific Financial purchased a new stake in shares of Sonida Senior Living in the 1st quarter valued at approximately $56,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

Sonida Senior Living Stock Performance

SNDA opened at $39.75 on Thursday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -6.42 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The stock has a 50-day moving average price of $39.98. Sonida Senior Living, Inc. has a twelve month low of $24.94 and a twelve month high of $44.38.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The company had revenue of $207.65 million during the quarter. During the same period in the previous year, the firm earned ($0.16) EPS. As a group, sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $249,443.51. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 39.30% of the company's stock.

Analyst Ratings Changes

SNDA has been the subject of several research reports. Morgan Stanley upped 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. Cantor Fitzgerald upped their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Citizens Jmp started coverage on Sonida Senior Living in a report on Monday, July 27th. They issued an "outperform" rating and a $50.00 price target on the stock. Royal Bank Of Canada lifted their price target on Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, July 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $47.50.

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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