16,899 Shares in Sonida Senior Living, Inc. $SNDA Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,899 shares of the company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Advisors Ltd. LLC purchased a new stake in shares of Sonida Senior Living in the first quarter worth about $45,000. Brookstone Capital Management purchased a new position in Sonida Senior Living during the first quarter valued at approximately $258,000. RFG Advisory LLC bought a new stake in Sonida Senior Living during the 1st quarter worth approximately $279,000. Finally, Ocean Park Asset Management LLC bought a new stake in Sonida Senior Living during the 1st quarter worth approximately $337,000. 87.55% of the stock is currently owned by institutional investors.

Sonida Senior Living Price Performance

SNDA stock opened at $40.79 on Wednesday. The business has a 50 day moving average of $36.39. The stock has a market cap of $1.93 billion, a PE ratio of -7.00 and a beta of 0.78. Sonida Senior Living, Inc. has a one year low of $23.78 and a one year high of $41.91. 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 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 company had revenue of $122.63 million for the quarter. On average, research analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNDA has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted 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 report on Monday. Morgan Stanley increased their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Robert W. Baird lifted their price objective on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Cantor Fitzgerald boosted their target price on Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Two equities research 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. According to MarketBeat.com, Sonida Senior Living has a consensus rating of “Hold” and a consensus target price of $41.25.

Insider Buying and Selling

In related news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.30% of the stock is currently owned by corporate insiders.

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.