Guild Holdings (NYSE:GHLD) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. cut its holdings in Guild Holdings (NYSE:GHLD) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 704,741 shares of the company’s stock after selling 5,000 shares during the quarter. Bridges Investment Management Inc. owned about 1.15% of Guild worth $11,720,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Guild by 8.2% in 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. Castleview Partners LLC acquired a new stake in shares of Guild during the third quarter worth $79,000. Donald Smith & CO. Inc. grew its holdings in shares of Guild by 2.1% during the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after buying an additional 9,126 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Guild in the 1st quarter valued at $149,000. Finally, Empowered Funds LLC raised its stake in Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after acquiring an additional 17,992 shares during the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

Guild Stock Down 1.2 %

Shares of GHLD stock opened at $14.32 on Friday. 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 twelve month low of $9.59 and a twelve month high of $18.25. The stock has a 50 day moving average of $15.71 and a 200 day moving average of $15.06. The stock has a market cap of $879.10 million, a P/E ratio of -9.24, a P/E/G ratio of 0.25 and a beta of 1.07.

Guild (NYSE:GHLD) last posted its earnings results on Thursday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. The firm had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $257.97 million. Guild had a negative net margin of 12.78% and a positive return on equity of 6.15%. As a group, sell-side analysts expect that Guild Holdings will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on GHLD shares. Wells Fargo & Company dropped their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Wedbush reissued an “outperform” rating and set a $20.00 price target on shares of Guild in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.80.

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.