Arbiter Partners Capital Management LLC Has $4.86 Million Stake in Sonida Senior Living, Inc. $SNDA

Arbiter Partners Capital Management LLC decreased its position in Sonida Senior Living, Inc. (NYSE:SNDA) by 16.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 152,231 shares of the company’s stock after selling 30,593 shares during the period. Sonida Senior Living comprises about 2.8% of Arbiter Partners Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Arbiter Partners Capital Management LLC’s holdings in Sonida Senior Living were worth $4,855,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SNDA. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the 1st quarter worth about $45,000. Main Street Group LTD bought a new position in Sonida Senior Living during the first quarter worth about $50,000. First Pacific Financial purchased a new position in shares of Sonida Senior Living in the first quarter worth about $56,000. Darwin Wealth Management LLC bought a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $63,000. Finally, NFSG Corp bought a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $68,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Sonida Senior Living Stock Up 1.9%

NYSE SNDA opened at $41.32 on Wednesday. The company’s 50-day simple moving average is $37.68. Sonida Senior Living, Inc. has a 12-month low of $23.78 and a 12-month high of $42.79. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -7.09 and a beta of 0.75. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58.

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

Insiders Place Their Bets

In other Sonida Senior Living 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 transaction, the director owned 9,182 shares of the company’s stock, valued at $343,957.72. This represents a 21.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird increased their price objective on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their target price on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Morgan Stanley upped their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Cantor Fitzgerald lifted their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Two investment 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, the stock currently has a consensus rating of “Hold” and an average target price of $41.25.

Sonida Senior Living 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.