Sovran Advisors LLC Invests $531,000 in Sonida Senior Living, Inc. $SNDA

Sovran Advisors LLC bought a new stake in Sonida Senior Living, Inc. (NYSE:SNDA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,477 shares of the company’s stock, valued at approximately $531,000.

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

Analyst Ratings Changes

Several brokerages have issued reports on SNDA. 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. Robert W. Baird raised their price target on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Morgan Stanley lifted their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 26th. Finally, Cantor Fitzgerald upped their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.25.

Insider Buying and Selling at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the sale, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 39.30% of the company’s stock.

Sonida Senior Living Stock Down 0.5%

Shares of Sonida Senior Living stock opened at $40.26 on Tuesday. The company has a 50-day moving average price of $37.30. Sonida Senior Living, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $42.79. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -6.91 and a beta of 0.75. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last released its earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). The firm had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. As a group, equities research analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share 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.