Kestra Advisory Services LLC Buys Shares of 32,136 Sonida Senior Living, Inc. $SNDA

Kestra Advisory Services LLC purchased 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 institutional investor purchased 32,136 shares of the company’s stock, valued at approximately $1,036,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ritholtz Wealth Management bought a new stake in Sonida Senior Living in the first quarter valued at about $545,000. Ocean Park Asset Management LLC acquired a new position in Sonida Senior Living in the first quarter valued at about $337,000. RFG Advisory LLC bought a new position in Sonida Senior Living during the first quarter worth about $279,000. Brookstone Capital Management bought a new position in Sonida Senior Living during the first quarter worth about $258,000. Finally, Private Advisor Group LLC acquired a new position in shares of Sonida Senior Living during the 1st quarter worth about $238,000. 87.55% of the stock is currently owned by institutional investors.

Sonida Senior Living Stock Performance

Shares of SNDA opened at $40.09 on Friday. 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, Inc. has a twelve month low of $23.78 and a twelve month high of $42.79. The firm has a 50 day moving average of $37.73. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -6.88 and a beta of 0.75.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The company had revenue of $122.63 million for the quarter. On average, sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SNDA shares. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings lowered shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Cantor Fitzgerald upped their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Morgan Stanley increased their target price 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sonida Senior Living has a consensus rating of “Hold” and an average target price of $41.25.

Insider Buying and Selling

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

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.