GoodHaven Capital Management LLC Trims Stock Holdings in Guild Holdings (NYSE:GHLD)

GoodHaven Capital Management LLC lowered its stake in shares of Guild Holdings (NYSE:GHLD) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,524 shares of the company’s stock after selling 4,718 shares during the period. Guild accounts for approximately 0.8% of GoodHaven Capital Management LLC’s portfolio, making the stock its 19th biggest holding. GoodHaven Capital Management LLC’s holdings in Guild were worth $2,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in Guild by 18.6% in the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after purchasing an additional 2,421 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after buying an additional 6,134 shares in the last quarter. Northern Trust Corp raised its position in shares of Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after buying an additional 1,709 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Guild by 419.9% in the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after buying an additional 101,209 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its stake in shares of Guild by 0.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock valued at $4,864,000 after buying an additional 1,535 shares during the period. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GHLD. JPMorgan Chase & Co. raised shares of Guild from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $12.50 to $12.00 in a research note on Tuesday, April 8th. JMP Securities set a $15.50 price objective on Guild and gave the stock a “market outperform” rating in a report on Tuesday, May 27th. Wall Street Zen raised Guild to a “hold” rating in a research report on Thursday, May 22nd. Finally, Citigroup reiterated an “outperform” rating on shares of Guild in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Guild presently has an average rating of “Moderate Buy” and an average price target of $16.30.

Guild Stock Performance

Shares of GHLD stock opened at $14.32 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $890.54 million, a price-to-earnings ratio of -9.24, a price-to-earnings-growth ratio of 0.27 and a beta of 0.81. Guild Holdings has a one year low of $11.21 and a one year high of $18.26. The company has a 50 day moving average price of $13.34 and a 200 day moving average price of $13.27.

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.