Norwood Investment Partners LP Invests $1.42 Billion in Sonida Senior Living, Inc. $SNDA

Norwood Investment Partners LP bought a new stake in Sonida Senior Living, Inc. (NYSE:SNDA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 34,785 shares of the company’s stock, valued at approximately $1,419,228,000. Sonida Senior Living accounts for 2.0% of Norwood Investment Partners LP’s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNDA. Allworth Financial LP purchased a new stake in Sonida Senior Living during the 2nd quarter worth about $43,000. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living in the 1st quarter valued at about $45,000. Main Street Group LTD purchased a new position in shares of Sonida Senior Living in the 1st quarter valued at about $50,000. First Pacific Financial acquired a new position in shares of Sonida Senior Living during the first quarter worth about $56,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Sonida Senior Living during the first quarter worth about $63,000. 87.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Benjamin P. Harris sold 6,269 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the sale, the director owned 10,037 shares in the company, valued at approximately $399,372.23. The trade was a 38.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SNDA. Morgan Stanley raised their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Citigroup initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating for the company. Royal Bank Of Canada increased their price objective 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, June 29th. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Finally, Robert W. Baird lifted their price objective on shares of Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Five research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

Sonida Senior Living Stock Performance

SNDA opened at $39.56 on Friday. Sonida Senior Living, Inc. has a one year low of $24.94 and a one year high of $44.38. The stock has a market cap of $1.90 billion, a P/E ratio of -6.39 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The firm has a 50-day simple moving average of $39.66.

Sonida Senior Living (NYSE:SNDA) last issued its earnings results on Monday, August 10th. The company reported ($0.52) earnings per share 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 in the previous year, the business earned ($0.16) earnings per share. As a group, analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

About Sonida Senior Living

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.