HighTower Advisors LLC Has $401,000 Stock Holdings in Guild Holdings (NYSE:GHLD)

HighTower Advisors LLC cut its position in shares of Guild Holdings (NYSE:GHLD) by 34.7% during the 3rd quarter, Holdings Channel reports. The firm owned 24,102 shares of the company’s stock after selling 12,781 shares during the quarter. HighTower Advisors LLC’s holdings in Guild were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Bridges Investment Management Inc. bought a new position in shares of Guild in the second quarter valued at about $10,497,000. Basswood Capital Management L.L.C. grew its stake 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% in 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 last quarter. Castleview Partners LLC acquired a new position in shares of Guild during the 3rd quarter worth $79,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

Analysts Set New Price Targets

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

Guild Trading Up 6.2 %

Shares of GHLD stock opened at $14.07 on Friday. The company has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $14.98. The company has a market capitalization of $870.74 million, a price-to-earnings ratio of -9.08, a PEG ratio of 0.31 and a beta of 1.02. Guild Holdings has a 52-week low of $12.78 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

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.