Sonida Senior Living, Inc. $SNDA Shares Acquired by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Sonida Senior Living stake by 3,450% in the first quarter, acquiring 26,289 additional shares for a total holding of 27,051 shares valued at approximately $873,000.
• Institutional ownership remains high at 87.55%, while Sonida’s director Benjamin P. Harris sold 6,269 shares worth roughly $249,000, reducing his holdings by 38.45%.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $47.50 price target. However, the company missed quarterly EPS estimates, reporting a loss of $0.52 per share versus the expected $0.09 loss.

Royal Bank of Canada lifted its stake in Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) by 3,450.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,051 shares of the company's stock after buying an additional 26,289 shares during the quarter. Royal Bank of Canada owned approximately 0.06% of Sonida Senior Living worth $873,000 as of its most recent SEC filing.

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

Insider Activity

In other news, Director Benjamin P. Harris sold 6,269 shares of the company's stock in a transaction 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 completion of the sale, the director owned 10,037 shares of the company's stock, valued at $399,372.23. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Wall Street Zen upgraded Sonida Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Cantor Fitzgerald upped their target price 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. Citizens Jmp initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an "outperform" rating and a $50.00 target price on the stock. Finally, Weiss Ratings raised shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Sonida Senior Living presently has an average rating of "Moderate Buy" and an average price target of $47.50.

Sonida Senior Living Stock Performance

Shares of SNDA opened at $39.56 on Friday. 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 one year low of $24.94 and a one year high of $44.38. The stock has a market capitalization of $1.90 billion, a PE ratio of -6.39 and a beta of 0.80. The stock's 50 day moving average price is $39.66.

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 the consensus estimate of ($0.09) by ($0.43). The firm 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 25.53%. During the same period in the prior year, the company posted ($0.16) earnings per share. On average, analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

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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