Michael Simanovsky Sells 26,407 Shares of Sonida Senior Living (NYSE:SNDA) Stock

Key Points

• Director Michael Simanovsky sold 26,407 Sonida Senior Living shares at an average price of $38.35, generating approximately $1.01 million. He also reported four additional sales from August 25 through September 1, totaling more than $9.6 million.
• Sonida shares rose 0.5% to $37.70, but the company reported a quarterly loss of $0.52 per share, missing analyst expectations of a $0.09 loss. Analysts expect a full-year loss of approximately $1.72 per share.
• Despite the insider selling and recent earnings miss, analysts maintain a “Moderate Buy” consensus rating, with an average price target of $48.50; institutional investors own 87.55% of the stock.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Michael Simanovsky sold 26,407 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $38.35, for a total value of $1,012,708.45. Following the completion of the transaction, the director directly owned 197,954 shares in the company, valued at $7,591,535.90. The trade was a 11.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michael Simanovsky also recently made the following trade(s):

• On Tuesday, September 1st, Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock. The shares were sold at an average price of $38.42, for a total transaction of $3,749,062.02.
• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $39.00, for a total transaction of $585,000.00.
• On Wednesday, August 26th, Michael Simanovsky sold 15,086 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.94, for a total transaction of $617,620.84.
• On Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00.

Sonida Senior Living Stock Up 0.5%

SNDA stock traded up $0.20 during midday trading on Tuesday, reaching $37.70. 670,592 shares of the company's stock traded hands, compared to its average volume of 481,527. 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 52-week low of $24.94 and a 52-week high of $44.38. The stock's 50-day moving average is $40.12.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last issued its quarterly earnings data 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 net margin of 23.27% and a negative return on equity of 25.53%. During the same period last year, the firm posted ($0.16) earnings per share. On average, research analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Institutional Investors Weigh In On Sonida Senior Living

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Compass Financial Management LLC purchased a new position in shares of Sonida Senior Living in the second quarter valued at about $27,000. Allworth Financial LP purchased a new stake in shares of Sonida Senior Living during the second quarter worth about $43,000. Capital Advisors Ltd. LLC bought a new stake in Sonida Senior Living during the 1st quarter valued at approximately $45,000. Main Street Group LTD bought a new stake in Sonida Senior Living during the 1st quarter valued at approximately $50,000. Finally, First Bancorp Inc ME purchased a new position in Sonida Senior Living in the 2nd quarter worth approximately $50,000. 87.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on SNDA shares. 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 lifted their price objective on Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Citigroup initiated coverage on Sonida Senior Living in a research note on Monday, July 27th. They set a "market outperform" rating for the company. Weiss Ratings raised shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, July 29th. Finally, Morgan Stanley raised their target price on shares of Sonida Senior Living from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Five 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.50.

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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