HighTower Advisors LLC Reduces Stock Position in Guild Holdings Company $GHLD

HighTower Advisors LLC lowered its holdings in shares of Guild Holdings Company (NYSE:GHLD) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,257 shares of the company’s stock after selling 1,054 shares during the quarter. HighTower Advisors LLC owned 0.20% of Guild worth $1,901,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GHLD. Adage Capital Partners GP L.L.C. boosted its holdings in Guild by 5.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock valued at $8,870,000 after acquiring an additional 31,540 shares during the period. Northern Trust Corp boosted its holdings in Guild by 8.3% during the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after acquiring an additional 1,709 shares during the period. Basswood Capital Management L.L.C. boosted its holdings in Guild by 3.2% during the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company’s stock valued at $9,521,000 after acquiring an additional 20,848 shares during the period. Bayview Asset Management LLC boosted its holdings in Guild by 6.4% during the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock valued at $22,517,000 after acquiring an additional 95,327 shares during the period. Finally, Citadel Advisors LLC raised its position in Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after purchasing an additional 6,134 shares in the last quarter. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on GHLD. JPMorgan Chase & Co. lifted their target price on Guild from $12.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Compass Point lowered Guild from a “strong-buy” rating to a “hold” rating and lifted their target price for the company from $19.00 to $20.00 in a research report on Wednesday, June 18th. BTIG Research reaffirmed a “neutral” rating on shares of Guild in a research report on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Guild in a research report on Tuesday, May 27th. Finally, Wall Street Zen raised Guild to a “hold” rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.42.

Guild Trading Up 0.3%

GHLD opened at $19.89 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 51.00, a PEG ratio of 1.05 and a beta of 0.94. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 1.03. Guild Holdings Company has a 12 month low of $11.21 and a 12 month high of $23.57. The stock has a fifty day moving average price of $19.69 and a 200-day moving average price of $15.55.

Guild Company 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.