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

Geode Capital Management LLC grew its holdings in Guild Holdings (NYSE:GHLD) by 2.0% during the third quarter, Holdings Channel.com reports. The firm owned 98,244 shares of the company’s stock after acquiring an additional 1,901 shares during the quarter. Geode Capital Management LLC’s holdings in Guild were worth $1,634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GHLD. Renaissance Technologies LLC lifted its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the last quarter. Bridges Investment Management Inc. acquired a new stake in Guild in the 2nd quarter valued at about $10,497,000. Castleview Partners LLC bought a new position in Guild during the third quarter worth about $79,000. Empowered Funds LLC increased its position in 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 during the last quarter. Finally, Basswood Capital Management L.L.C. raised its stake in Guild by 11.9% in the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after buying an additional 69,603 shares during the period. 17.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Guild Stock Performance

GHLD opened at $13.15 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $14.89. Guild Holdings has a 1 year low of $12.78 and a 1 year high of $18.25. The company has a market capitalization 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.

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.