Sonida Senior Living, Inc. (NYSE:SNDA) Given Average Rating of “Hold” by Brokerages

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have received a consensus rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.25.

Several brokerages have issued reports on SNDA. Weiss Ratings raised shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 26th. Morgan Stanley upped their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Robert W. Baird increased 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 note on Friday, April 24th. Wall Street Zen lowered Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. 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 report on Monday, June 29th.

Sonida Senior Living Stock Down 0.5%

SNDA opened at $40.99 on Wednesday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -7.03 and a beta of 0.75. Sonida Senior Living has a 52 week low of $23.78 and a 52 week high of $42.79. The stock’s 50 day moving average price is $37.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The firm had revenue of $122.63 million during the quarter. Equities analysts expect that Sonida Senior Living will post -1.72 EPS for the current fiscal year.

Insider Activity

In other news, Director Benjamin P. Harris sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director owned 9,182 shares in the company, valued at $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 39.30% of the company’s stock.

Hedge Funds Weigh In On Sonida Senior Living

Several institutional investors have recently bought and sold shares of SNDA. Conversant Capital LLC raised its position in Sonida Senior Living by 57.7% during the 1st 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 during the last quarter. Irenic Capital Management LP boosted its holdings in shares of Sonida Senior Living by 1,049.3% in the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after acquiring an additional 1,113,622 shares in the last quarter. Emmett Investment Management LP increased its stake in shares of Sonida Senior Living by 11.4% during the first quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock worth $7,538,000 after acquiring an additional 23,990 shares during the period. Rush Island Management LP acquired a new position in shares of Sonida Senior Living during the first quarter worth about $7,036,000. Finally, Renaissance Technologies LLC raised its holdings in Sonida Senior Living by 6.0% during the first quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock worth $4,347,000 after purchasing an additional 7,585 shares in the last quarter. 87.55% of the stock is owned by institutional investors and hedge funds.

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.