Donald Smith & CO. Inc. Grows Stock Holdings in Guild Holdings (NYSE:GHLD)

Donald Smith & CO. Inc. grew its holdings in Guild Holdings (NYSE:GHLD) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 431,752 shares of the company’s stock after acquiring an additional 5,800 shares during the period. Donald Smith & CO. Inc.’s holdings in Guild were worth $6,083,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. HighTower Advisors LLC acquired a new position in shares of Guild in the 3rd quarter valued at $358,000. GoodHaven Capital Management LLC lifted its stake in shares of Guild by 7.8% in the 3rd quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock valued at $1,917,000 after purchasing an additional 12,634 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of Guild by 2.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock valued at $12,874,000 after purchasing an additional 26,510 shares during the period. 17.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of Guild from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Wednesday, April 3rd. Wells Fargo & Company upped their price objective on shares of Guild from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 13th. Finally, BTIG Research started coverage on shares of Guild in a research report on Wednesday, February 21st. They set a “buy” rating and a $18.00 price objective for the company.

Guild Stock Down 0.4 %

Guild stock traded down $0.05 during trading on Monday, reaching $13.58. The stock had a trading volume of 2,033 shares, compared to its average volume of 10,088. Guild Holdings has a 52-week low of $9.45 and a 52-week high of $15.06. The business has a 50 day moving average price of $14.32 and a 200 day moving average price of $13.47. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.85. The stock has a market cap of $829.74 million, a PE ratio of -20.75 and a beta of 1.01.

Guild (NYSE:GHLD) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $57.23 million during the quarter, compared to the consensus estimate of $164.82 million. Guild had a negative net margin of 5.95% and a positive return on equity of 3.57%. On average, analysts predict that Guild Holdings will post 1.26 EPS for the current year.

About Guild

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.