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

Ritholtz Wealth Management bought a new position in Sonida Senior Living, Inc. (NYSE:SNDA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,899 shares of the company’s stock, valued at approximately $545,000.

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

Insider Buying and Selling at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 39.30% of the company’s stock.

Sonida Senior Living Stock Up 2.8%

Shares of NYSE SNDA opened at $40.79 on Wednesday. The business has a fifty day moving average price of $36.39. Sonida Senior Living, Inc. has a 52 week low of $23.78 and a 52 week 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. The stock has a market capitalization of $1.93 billion, a P/E ratio of -7.00 and a beta of 0.78.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results 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 for the quarter. Equities research analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SNDA shares. Cantor Fitzgerald lifted their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. Robert W. Baird lifted 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. Finally, Royal Bank Of Canada increased 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. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.25.

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.