62,901 Shares in Sonida Senior Living, Inc. $SNDA Acquired by Walleye Capital LLC

Walleye Capital LLC purchased a new position in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the 2nd quarter, Holdings Channel reports. The firm purchased 62,901 shares of the company’s stock, valued at approximately $2,566,000.

Other large investors also recently modified their holdings of the company. Conversant Capital LLC lifted its position in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock worth $471,039,000 after purchasing an additional 5,341,221 shares during the last quarter. Irenic Capital Management LP increased its holdings in Sonida Senior Living by 1,049.3% in the first quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock valued at $39,337,000 after buying an additional 1,113,622 shares during the last quarter. Emmett Investment Management LP increased its holdings in Sonida Senior Living by 11.4% in the first quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock valued at $7,538,000 after buying an additional 23,990 shares during the last quarter. Rush Island Management LP acquired a new stake in Sonida Senior Living in the first quarter valued at $7,036,000. Finally, Renaissance Technologies LLC raised its stake in Sonida Senior Living by 6.0% in the first quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock valued at $4,347,000 after buying an additional 7,585 shares in the last quarter. 87.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNDA has been the subject of several analyst reports. Citizens Jmp assumed coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 price objective for the company. Wall Street Zen raised Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Compass Point started coverage on shares of Sonida Senior Living in a research note on Tuesday. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Morgan Stanley raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Sonida Senior Living Stock Up 0.1%

Shares of NYSE:SNDA opened at $39.25 on Friday. Sonida Senior Living, Inc. has a 52 week low of $24.65 and a 52 week high of $44.38. The firm has a 50-day moving average price of $39.19. The firm has a market capitalization of $1.89 billion, a P/E ratio of -6.34 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.44 and a current ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last released its earnings results on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The business had revenue of $207.65 million for the quarter. Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.During the same quarter last year, the firm earned ($0.16) EPS. Analysts expect that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

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.