Sonida Senior Living (NYSE:SNDA) Stock Gets Downgrade from Zacks Research

by · The Cerbat Gem

Sonida Senior Living (NYSE:SNDA – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Other equities research analysts have also issued research reports about the company. Robert W. Baird set a $43.00 price objective on Sonida Senior Living and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Compass Point started coverage on Sonida Senior Living in a research report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 target price for the company. Morgan Stanley lifted their price target on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Citizens Jmp initiated coverage on Sonida Senior Living in a report on Monday, July 27th. They set an “outperform” rating and a $50.00 price target on the stock. Finally, Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.50.

Check Out Our Latest Report on Sonida Senior Living

Sonida Senior Living Stock Performance

NYSE SNDA opened at $36.02 on Monday. The business’s fifty day moving average is $38.52. The company has a market capitalization of $1.73 billion, a PE ratio of -5.82 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. Sonida Senior Living has a fifty-two week low of $24.94 and a fifty-two week high of $44.38.

Sonida Senior Living (NYSE:SNDA – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The firm had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) EPS. As a group, sell-side analysts predict that Sonida Senior Living will post -3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 6,269 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the sale, the director owned 10,037 shares of the company’s stock, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Simanovsky sold 115,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the completion of the sale, the director owned 254,447 shares of the company’s stock, valued at $10,358,537.37. The trade was a 31.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 275,343 shares of company stock valued at $10,895,485 in the last ninety days. Insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

Institutional investors have recently made changes to their positions in the stock. Conversant Capital LLC increased 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 valued at $471,039,000 after purchasing an additional 5,341,221 shares during the period. BlackRock Inc. bought a new position in Sonida Senior Living during the 2nd quarter worth approximately $90,515,000. Irenic Capital Management LP raised its holdings in Sonida Senior Living by 1,049.3% during the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after purchasing an additional 1,113,622 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Sonida Senior Living in the 2nd quarter worth approximately $16,321,000. Finally, Adelante Capital Management LLC lifted its position in shares of Sonida Senior Living by 75.5% in the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock worth $15,637,000 after purchasing an additional 234,109 shares during the period. Institutional investors own 87.55% of the company’s stock.

About Sonida Senior Living

(Get Free Report)

Sonida Senior Living (NYSE:SNDA) is a senior living company that owns, operates and manages communities serving older adults across the United States. Its communities provide residential care and support designed to promote independence, safety and quality of life for seniors.

The company offers a range of services, including independent living, assisted living and memory care. Services may include dining, housekeeping, transportation, wellness programs, social activities and assistance with daily living, with care tailored to residents’ individual needs.

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