Sonida Senior Living (NYSE:SNDA) Director Sells $3,749,062.02 in Stock

Key Points

• Director Michael Simanovsky sold 97,581 Sonida Senior Living shares at an average price of $38.42, generating $3.75 million and reducing his direct stake by 49.29% to 100,373 shares. He also sold more than 171,000 shares in several transactions during the prior week.
• SNDA traded at $37.70, below its 50-day moving average of $40.12, while the company reported a quarterly loss of $0.52 per share—$0.43 worse than analysts expected—on $207.65 million in revenue.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $48.50, while institutional investors and hedge funds own 87.55% of the company.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Michael Simanovsky sold 97,581 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total value of $3,749,062.02. Following the completion of the transaction, the director directly owned 100,373 shares in the company, valued at approximately $3,856,330.66. This trade represents a 49.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, August 28th, Michael Simanovsky sold 26,407 shares of Sonida Senior Living stock. The shares were sold at an average price of $38.35, for a total transaction of $1,012,708.45.
• On Thursday, August 27th, Michael Simanovsky sold 15,000 shares of Sonida Senior Living stock. The shares were 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 shares were sold at an average price of $40.94, for a total value of $617,620.84.
• 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 Price Performance

SNDA stock traded up $0.20 during trading on Tuesday, reaching $37.70. 670,592 shares of the company traded hands, compared to its average volume of 481,527. The company's 50 day moving average price is $40.12. Sonida Senior Living, Inc. has a 12 month low of $24.94 and a 12 month high of $44.38. 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 (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). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The firm had revenue of $207.65 million during the quarter. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Research analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sonida Senior Living

Institutional investors and hedge funds have recently modified their holdings of the stock. Conversant Capital LLC boosted its holdings in Sonida Senior Living by 57.7% during the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company's stock worth $471,039,000 after buying an additional 5,341,221 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Sonida Senior Living in the second quarter valued at approximately $90,515,000. Irenic Capital Management LP raised its stake in shares of Sonida Senior Living by 56.1% during the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company's stock worth $77,668,000 after buying an additional 683,874 shares during the period. Adelante Capital Management LLC raised its stake in shares of Sonida Senior Living by 75.5% during the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company's stock worth $15,637,000 after buying an additional 234,109 shares during the period. Finally, J. Goldman & Co LP purchased a new position in shares of Sonida Senior Living during the 2nd quarter valued at approximately $16,321,000. Institutional investors and hedge funds own 87.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citizens Jmp began coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued an "outperform" rating and a $50.00 price objective for the company. Compass Point began coverage on shares of Sonida Senior Living in a research report on Tuesday, August 11th. They issued a "buy" rating and a $65.00 price objective for the company. Weiss Ratings upgraded shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Morgan Stanley boosted their price objective on shares of Sonida Senior Living from $38.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Royal Bank Of Canada boosted their price target on Sonida Senior Living from $45.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Five equities 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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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