Millennium Management LLC Grows Holdings in Guild Holdings (NYSE:GHLD)

Millennium Management LLC raised its position in Guild Holdings (NYSE:GHLD) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,441 shares of the company’s stock after buying an additional 2,421 shares during the period. Millennium Management LLC’s holdings in Guild were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GHLD. Citadel Advisors LLC increased its stake in shares of Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after purchasing an additional 6,134 shares in the last quarter. Northern Trust Corp increased its stake in shares of Guild by 8.3% during the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after purchasing an additional 1,709 shares in the last quarter. HighTower Advisors LLC boosted its position in Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after acquiring an additional 101,209 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in Guild by 0.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock worth $4,864,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in Guild by 5.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock worth $8,870,000 after acquiring an additional 31,540 shares during the last quarter. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Guild Trading Down 1.5%

Shares of Guild stock opened at $14.80 on Thursday. Guild Holdings has a 1 year low of $11.21 and a 1 year high of $18.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $920.71 million, a P/E ratio of -9.55, a PEG ratio of 0.27 and a beta of 0.81. The company’s fifty day moving average is $13.35 and its two-hundred day moving average is $13.31.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GHLD. JMP Securities set a $15.50 price target on shares of Guild and gave the stock a “market outperform” rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Guild to a “hold” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of Guild from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $12.50 to $12.00 in a report on Tuesday, April 8th. Finally, Citigroup reiterated an “outperform” rating on shares of Guild in a report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Guild currently has an average rating of “Moderate Buy” and a consensus target price of $16.30.

Guild Profile

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.