HighTower Advisors LLC Has $401,000 Stake in Guild Holdings (NYSE:GHLD)

HighTower Advisors LLC reduced its stake in shares of Guild Holdings (NYSE:GHLD) by 34.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,102 shares of the company’s stock after selling 12,781 shares during the quarter. HighTower Advisors LLC’s holdings in Guild were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHLD. Bridges Investment Management Inc. acquired a new stake in shares of Guild during the 2nd quarter worth about $10,497,000. Basswood Capital Management L.L.C. grew its stake in Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after buying an additional 69,603 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after buying an additional 13,668 shares in the last quarter. Castleview Partners LLC bought a new position in shares of Guild in the third quarter valued at approximately $79,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after acquiring an additional 2,100 shares in the last quarter. 17.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on GHLD. JPMorgan Chase & Co. dropped their price target on Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Wells Fargo & Company cut their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $20.00 price objective on shares of Guild in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Guild presently has a consensus rating of “Hold” and an average target price of $16.50.

Guild Trading Up 6.2 %

Shares of NYSE:GHLD opened at $14.07 on Friday. The company’s fifty day simple moving average is $14.10 and its 200 day simple moving average is $14.98. Guild Holdings has a 12 month low of $12.78 and a 12 month high of $18.25. The firm has a market cap of $870.74 million, a price-to-earnings ratio of -9.08, a PEG ratio of 0.31 and a beta of 1.02. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92.

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.