Donald Smith & CO. Inc. Lowers Position in Guild Holdings (NYSE:GHLD)

Donald Smith & CO. Inc. trimmed its position in shares of Guild Holdings (NYSE:GHLD - Free Report) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 343,207 shares of the company's stock after selling 53,226 shares during the period. Donald Smith & CO. Inc. owned 0.56% of Guild worth $5,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of GHLD. Castleview Partners LLC bought a new stake in Guild during the third quarter valued at $79,000. O Shaughnessy Asset Management LLC bought a new stake in Guild in the first quarter valued at $149,000. Renaissance Technologies LLC raised its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company's stock worth $410,000 after buying an additional 2,100 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company's stock valued at $3,508,000 after purchasing an additional 17,992 shares during the period. Finally, Bridges Investment Management Inc. bought a new stake in shares of Guild during the 2nd quarter valued at $10,497,000. Hedge funds and other institutional investors own 17.52% of the company's stock.

Guild Stock Down 1.0 %

Shares of GHLD traded down $0.14 during midday trading on Wednesday, hitting $14.00. 8,255 shares of the company's stock traded hands, compared to its average volume of 12,623. The stock has a market capitalization of $859.40 million, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.04. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. Guild Holdings has a 1 year low of $9.59 and a 1 year high of $18.25. The firm's fifty day moving average is $16.07 and its 200-day moving average is $15.06.

Guild (NYSE:GHLD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.21. The company had revenue of $285.69 million during the quarter, compared to analysts' expectations of $257.97 million. Guild had a return on equity of 5.83% and a net margin of 3.28%. As a group, sell-side analysts anticipate that Guild Holdings will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Guild from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Guild from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Monday, October 7th. Finally, Wedbush upped their price target on Guild from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. One investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $17.50.

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.