BlueChip Wealth Advisors LLC Takes $636,000 Position in Sonida Senior Living, Inc. $SNDA

BlueChip Wealth Advisors LLC acquired a new position in Sonida Senior Living, Inc. (NYSE:SNDA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,726 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advisors Ltd. LLC purchased a new position in Sonida Senior Living during the 1st quarter worth approximately $45,000. First Pacific Financial purchased a new position in shares of Sonida Senior Living during the 1st quarter valued at about $56,000. Darwin Wealth Management LLC acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at about $63,000. Sound Income Strategies LLC acquired a new position in shares of Sonida Senior Living in the 1st quarter valued at about $131,000. Finally, World Investment Advisors purchased a new stake in shares of Sonida Senior Living in the first quarter worth about $208,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Insider Activity

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the firm’s 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 completion of the sale, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

SNDA has been the subject of a number of analyst reports. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 26th. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Wall Street Zen cut shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Robert W. Baird increased their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Morgan Stanley raised their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.25.

Sonida Senior Living Trading Down 0.6%

SNDA opened at $40.02 on Wednesday. Sonida Senior Living, Inc. has a twelve month low of $23.78 and a twelve month high of $42.79. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -6.87 and a beta of 0.75. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The stock’s 50-day simple moving average is $37.35.

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 analysts’ consensus estimates 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 business had revenue of $122.63 million during the quarter. As a group, analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

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.