Geode Capital Management LLC Purchases 1,901 Shares of Guild Holdings (NYSE:GHLD)

Geode Capital Management LLC lifted its holdings in Guild Holdings (NYSE:GHLD) by 2.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,244 shares of the company’s stock after purchasing an additional 1,901 shares during the period. Geode Capital Management LLC owned 0.16% of Guild worth $1,634,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GHLD. Bridges Investment Management Inc. bought a new position in shares of Guild during the 2nd quarter worth about $10,497,000. Basswood Capital Management L.L.C. grew its position 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 in the last quarter. Empowered Funds LLC increased its stake in Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares during the period. Castleview Partners LLC acquired a new position in Guild in the 3rd quarter valued at approximately $79,000. Finally, Renaissance Technologies LLC lifted its position 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 during the period. Institutional investors and hedge funds own 17.52% of the company’s stock.

Guild Stock Down 3.4 %

NYSE GHLD opened at $13.15 on Thursday. The stock’s 50 day simple moving average is $13.85 and its 200 day simple moving average is $14.89. Guild Holdings has a one year low of $12.78 and a one year high of $18.25. The firm has a market cap of $813.80 million, a PE ratio of -8.48, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06.

Analysts Set New Price Targets

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

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.