Sonida Senior Living (NYSE:SNDA) Director Michael Simanovsky Sells 15,086 Shares of Stock

Key Points

• Director Michael Simanovsky sold 15,086 Sonida Senior Living shares at an average price of $40.94, generating $617,620.84 and reducing his position by 5.93% to 239,361 shares.
• He also sold 130,000 additional shares in two transactions on August 25 and 27, worth a combined $5.27 million.
• SNDA recently traded at $38.92 after reporting a quarterly loss of $0.52 per share, significantly missing estimates; despite the earnings shortfall, analysts maintain a “Moderate Buy” consensus with an average price target of $47.50.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Michael Simanovsky sold 15,086 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $40.94, for a total transaction of $617,620.84. Following the transaction, the director owned 239,361 shares of the company's stock, valued at approximately $9,799,439.34. The trade was a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 Tuesday, August 25th, Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock. The stock was sold at an average price of $40.71, for a total value of $4,681,650.00.

Sonida Senior Living Stock Performance

SNDA traded down $0.75 during midday trading on Thursday, reaching $38.92. 412,754 shares of the company were exchanged, compared to its average volume of 441,021. The stock has a fifty day moving average of $40.04. The company has a market cap of $1.87 billion, a P/E ratio of -6.29 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. Sonida Senior Living, Inc. has a one year low of $24.94 and a one year 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 return on equity of 25.53% and a negative net margin of 23.27%.The business had revenue of $207.65 million during the quarter. During the same quarter in the prior year, the company posted ($0.16) earnings per share. As a group, sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SNDA shares. Morgan Stanley raised their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, May 29th. Weiss Ratings raised Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, July 29th. Citigroup started coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set a "market outperform" rating on the stock. Cantor Fitzgerald increased their price target on Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Finally, Citizens Jmp started coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set an "outperform" rating and a $50.00 price target on the stock. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Compass Financial Management LLC purchased a new stake in shares of Sonida Senior Living in the second quarter valued at approximately $27,000. Family Wealth Partners LLC grew its position in shares of Sonida Senior Living by 7.6% in the second quarter. Family Wealth Partners LLC now owns 11,247 shares of the company's stock valued at $459,000 after purchasing an additional 793 shares in the last quarter. FNY Investment Advisers LLC increased its stake in shares of Sonida Senior Living by 28.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company's stock worth $183,000 after acquiring an additional 1,000 shares during the last quarter. Allworth Financial LP purchased a new position in Sonida Senior Living during the second quarter worth about $43,000. Finally, First Bancorp Inc ME purchased a new stake in shares of Sonida Senior Living during the 2nd quarter valued at approximately $50,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

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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