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

Key Points

• Donald Smith & CO. Inc. increased its stake in Guild Holdings Company by 10.5%, holding 380,925 shares valued at $5,828,000 as of the end of the first quarter.
• Hedge funds' collective ownership in Guild Holdings is 17.52%, with notable position increases from firms like Millennium Management and Citadel Advisors.
• Guild's stock currently has a consensus rating of "Hold" from analysts, with recent ratings adjustments by multiple financial institutions.

Donald Smith & CO. Inc. raised its position in shares of Guild Holdings Company (NYSE:GHLD - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 380,925 shares of the company's stock after purchasing an additional 36,183 shares during the quarter. Donald Smith & CO. Inc. owned 0.62% of Guild worth $5,828,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC grew its stake in Guild by 18.6% during 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 during the last quarter. Citadel Advisors LLC grew its stake in Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after purchasing an additional 6,134 shares during the last quarter. Northern Trust Corp grew its stake in Guild by 8.3% during the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company's stock valued at $316,000 after purchasing an additional 1,709 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Guild by 5.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after buying an additional 31,540 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its stake in shares of Guild by 3.2% in the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after buying an additional 20,848 shares during the last quarter. Hedge funds and other institutional investors own 17.52% of the company's stock.

Guild Price Performance

Shares of NYSE:GHLD traded up $0.07 during midday trading on Wednesday, hitting $20.23. The company had a trading volume of 4,935 shares, compared to its average volume of 43,808. Guild Holdings Company has a twelve month low of $11.21 and a twelve month high of $23.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.05 and a quick ratio of 0.07. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 51.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94. The business's 50-day simple moving average is $18.88 and its 200-day simple moving average is $15.13.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup restated an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. Jefferies Financial Group downgraded Guild from a "buy" rating to a "hold" rating and upped their target price for the stock from $16.00 to $20.00 in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their target price on Guild from $12.50 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Citizens Jmp downgraded Guild from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 19th. Finally, Wall Street Zen upgraded Guild to a "hold" rating in a research note on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.42.

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.