Guild Holdings (NYSE:GHLD) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. decreased its holdings in shares of Guild Holdings (NYSE:GHLD) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 396,433 shares of the company’s stock after selling 44,445 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.65% of Guild worth $5,863,000 at the end of the most recent quarter.

Separately, O Shaughnessy Asset Management LLC acquired a new position in shares of Guild in the 1st quarter valued at $149,000. 17.52% of the stock is owned by institutional investors and hedge funds.

Guild Price Performance

Shares of NYSE:GHLD opened at $16.47 on Monday. Guild Holdings has a one year low of $9.59 and a one year high of $18.25. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 0.30 and a beta of 1.04. The company has a 50-day simple moving average of $15.33 and a 200-day simple moving average of $14.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.05 and a current ratio of 0.05.

Guild (NYSE:GHLD) last issued its quarterly 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. Guild had a return on equity of 5.83% and a net margin of 3.28%. The firm had revenue of $285.69 million for the quarter, compared to analysts’ expectations of $257.97 million. On average, analysts predict that Guild Holdings will post 1.42 EPS for the current year.

Analysts Set New Price Targets

GHLD has been the topic of several research analyst reports. JMP Securities lifted their price target on shares of Guild from $14.00 to $16.50 and gave the stock a “market outperform” rating in a research note on Friday, June 28th. Wells Fargo & Company lifted their target price on Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Wedbush upped their target price on Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Guild from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.30.

Guild Company Profile

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.