Sonida Senior Living, Inc. $SNDA Shares Newly Acquired by Schwartz Investment Counsel Inc.

Key Points

• Schwartz Investment Counsel acquired 63,283 Sonida Senior Living shares worth approximately $2.38 million, giving it a 0.13% stake. Institutional investors collectively own 87.55% of the company.
• Sonida reported a quarterly loss of $0.52 per share, missing analysts’ expected loss of $0.09, while revenue reached $207.65 million. Analysts expect a full-year loss of $3.21 per share.
• Insiders sold 275,343 shares valued at approximately $10.9 million over the past 90 days. Despite mixed analyst views, the stock has a consensus “Hold” rating and a $49.50 price target versus its recent price of $32.83.

Schwartz Investment Counsel Inc. purchased a new position in shares of Sonida Senior Living, Inc. (NYSE:SNDA - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 63,283 shares of the company's stock, valued at approximately $2,378,000. Schwartz Investment Counsel Inc. owned 0.13% of Sonida Senior Living at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new stake in Sonida Senior Living in the 2nd quarter worth about $27,000. Allworth Financial LP bought a new stake in Sonida Senior Living in the second quarter worth about $43,000. First Bancorp Inc ME purchased a new position in shares of Sonida Senior Living during the second quarter valued at approximately $50,000. Main Street Group LTD purchased a new position in shares of Sonida Senior Living during the first quarter valued at approximately $50,000. Finally, First Pacific Financial purchased a new position in shares of Sonida Senior Living during the first quarter valued at approximately $56,000. 87.55% of the stock is currently owned by institutional investors.

Insider Activity at Sonida Senior Living

In other Sonida Senior Living news, Director Michael Simanovsky sold 97,581 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the transaction, the director directly owned 100,373 shares in the company, valued at $3,856,330.66. This trade represents a 49.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin P. Harris sold 6,269 shares of Sonida Senior Living stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the sale, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold 275,343 shares of company stock valued at $10,895,485 in the last ninety days. Insiders own 39.30% of the company's stock.

Sonida Senior Living Price Performance

Sonida Senior Living stock opened at $32.83 on Wednesday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -5.30 and a beta of 0.74. Sonida Senior Living, Inc. has a 1 year low of $24.94 and a 1 year high of $44.38. The firm has a 50-day moving average of $37.48 and a two-hundred day moving average of $37.37.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last issued its 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). The business had revenue of $207.65 million for the quarter. During the same period in the prior year, the company posted ($0.16) EPS. Research analysts expect that Sonida Senior Living, Inc. will post -3.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SNDA shares. Citizens Jmp initiated 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. Morgan Stanley boosted their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, September 1st. Citigroup initiated coverage on Sonida Senior Living in a report on Monday, July 27th. They set a "market outperform" rating for the company. Compass Point began coverage on Sonida Senior Living in a research report on Tuesday, August 11th. They issued a "buy" rating and a $65.00 price objective on the stock. Finally, Cantor Fitzgerald increased 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. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $49.50.

About Sonida Senior Living

Sonida Senior Living Corporation NYSE: SNDA is a senior housing company that owns, operates and manages communities serving older adults in the United States. Its properties are designed to provide residential services and support for seniors with varying care needs.

The company offers independent living, assisted living and memory care services. Its communities generally provide housing, dining, housekeeping, transportation, wellness programs, social activities and personal care assistance, with memory care programs tailored to residents living with Alzheimer's disease and other forms of dementia.

Sonida Senior Living was formerly known as Capital Senior Living Corporation and adopted its current name in 2024.

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