Sonida Senior Living (NYSE:SNDA) Director Sells $4,681,650.00 in Stock

Key Points

• Director Michael Simanovsky sold 115,000 Sonida Senior Living shares for $4.68 million at an average price of $40.71, reducing his direct stake by 31.13% to 254,447 shares. He also sold additional shares in two other recent transactions.
• SNDA shares fell 1.9% to $38.92, while the company reported a quarterly loss of $0.52 per share—$0.43 worse than analyst expectations—on $207.65 million in revenue.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $47.50; institutional investors own 87.55% of the company, with several funds increasing or initiating positions.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Michael Simanovsky sold 115,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the sale, the director directly owned 254,447 shares in the company, valued at approximately $10,358,537.37. This trade represents a 31.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value 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.

Sonida Senior Living Stock Down 1.9%

Shares of SNDA stock traded down $0.75 during mid-day trading on Thursday, reaching $38.92. 412,754 shares of the stock traded hands, compared to its average volume of 441,021. The business has a fifty day moving average price of $40.04. Sonida Senior Living, Inc. has a 1-year low of $24.94 and a 1-year high of $44.38. The stock has a market capitalization 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 (NYSE:SNDA - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $207.65 million for the quarter. Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.During the same quarter in the prior year, the business posted ($0.16) EPS. On average, equities research analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Sonida Senior Living by 5,353.9% during the second quarter. California State Teachers Retirement System now owns 16,198 shares of the company's stock worth $661,000 after buying an additional 15,901 shares during the period. Irenic Capital Management LP lifted its holdings in Sonida Senior Living by 56.1% in the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company's stock valued at $77,668,000 after buying an additional 683,874 shares during the period. Compass Financial Management LLC acquired a new position in Sonida Senior Living in the second quarter valued at $27,000. AXQ Capital LP bought a new stake in Sonida Senior Living during the second quarter valued at $422,000. Finally, Centaurus Financial Inc. bought a new stake in Sonida Senior Living during the second quarter valued at $461,000. Institutional investors and hedge funds own 87.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company 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 report on Saturday, August 1st. Cantor Fitzgerald raised their target price on Sonida Senior Living from $42.00 to $47.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Compass Point initiated coverage on Sonida Senior Living in a report on Tuesday, August 11th. They set a "buy" rating and a $65.00 target price on the stock. Finally, Citigroup initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a "market outperform" rating on the stock. 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.50.

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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