Eversept Partners LP Purchases Shares of 28,437 Sonida Senior Living, Inc. $SNDA

Eversept Partners LP acquired a new position in shares of Sonida Senior Living, Inc. (NYSE:SNDA) in the first quarter, HoldingsChannel.com reports. The firm acquired 28,437 shares of the company’s stock, valued at approximately $917,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gateway Wealth Partners LLC acquired a new position in shares of Sonida Senior Living in the first quarter valued at approximately $491,000. Conversant Capital LLC increased its position in 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 buying an additional 5,341,221 shares during the period. Renaissance Technologies LLC increased its position in Sonida Senior Living by 6.0% during the 1st quarter. Renaissance Technologies LLC now owns 134,776 shares of the company’s stock worth $4,347,000 after buying an additional 7,585 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Sonida Senior Living during the first quarter worth $1,090,000. Finally, Militia Capital Management LLC bought a new stake in shares of Sonida Senior Living in the first quarter valued at about $576,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the transaction, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.30% of the stock is owned by insiders.

Sonida Senior Living Stock Performance

NYSE:SNDA opened at $42.95 on Tuesday. The company has a market cap of $2.03 billion, a P/E ratio of -7.37 and a beta of 0.75. Sonida Senior Living, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $44.39. 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 firm’s fifty day moving average is $37.92.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly 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). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The company had revenue of $122.63 million during the quarter. Research analysts predict that Sonida Senior Living, Inc. will post -1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SNDA. Citigroup assumed coverage on shares of Sonida Senior Living in a research note on Monday. They issued a “market outperform” rating on the stock. Citizens Jmp began coverage on shares of Sonida Senior Living in a research note on Monday. They issued an “outperform” rating and a $50.00 price objective for the company. 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. Weiss Ratings lowered shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Four equities 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 stock. According to MarketBeat, Sonida Senior Living currently has an average rating of “Hold” and a consensus price target of $43.00.

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.