Sonida Senior Living (NYSE:SNDA) Director Sells $249,443.51 in Stock

Key Points

• Director Benjamin Harris sold 6,269 Sonida Senior Living shares for $249,443.51, reducing his ownership by 38.45% to 10,037 shares.
• Sonida reported a quarterly loss of $0.52 per share, missing the $0.09 consensus estimate, while revenue reached $207.65 million. Analysts forecast a full-year loss of $1.72 per share.
• Despite the earnings miss, analysts maintain a “Moderate Buy” consensus with an average price target of $47.50, compared with the stock’s recent price of $40.56.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) Director Benjamin Harris sold 6,269 shares of Sonida Senior Living stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the sale, the director owned 10,037 shares of the company's stock, valued at approximately $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sonida Senior Living Trading Up 0.2%

Shares of Sonida Senior Living stock traded up $0.07 during mid-day trading on Wednesday, hitting $40.56. 419,840 shares of the stock were exchanged, compared to its average volume of 498,292. The stock has a 50-day moving average of $39.40. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The company has a market cap of $1.95 billion, a PE ratio of -6.55 and a beta of 0.80. Sonida Senior Living, Inc. has a twelve month low of $24.94 and a twelve month high of $44.38.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last issued its 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). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The company had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) earnings per share. Equities research analysts forecast that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNDA has been the topic of several analyst reports. Wall Street Zen raised shares of Sonida Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Robert W. Baird boosted their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Cantor Fitzgerald upped their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Citigroup started coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a "market outperform" rating on the stock. Finally, Royal Bank Of Canada lifted their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.50.

Institutional Trading of Sonida Senior Living

A number of institutional investors have recently bought and sold shares of SNDA. Family Wealth Partners LLC raised its holdings in Sonida Senior Living by 7.6% during the 2nd quarter. Family Wealth Partners LLC now owns 11,247 shares of the company's stock valued at $459,000 after buying an additional 793 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of Sonida Senior Living by 28.6% during the second quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company's stock valued at $183,000 after acquiring an additional 1,000 shares during the last quarter. Allworth Financial LP bought a new position in shares of Sonida Senior Living during the second quarter valued at about $43,000. First Bancorp Inc ME purchased a new stake in shares of Sonida Senior Living during the second quarter worth about $50,000. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Sonida Senior Living during the first quarter worth about $45,000. Institutional investors and hedge funds own 87.55% of the company's stock.

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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