Guild (NYSE:GHLD) shares lower spread on disappointing earnings

Guild Holdings (NYSE:GHLD – Get Rating) shares fell ahead of Friday’s trading after a weaker-than-expected earnings report. The stock had previously closed at $11.59, but opened at $10.99. Guild shares last traded at $11.17, with volume of 1,064 shares changing hands. The company reported earnings per share of $0.37 for the quarter, missing Thomson Reuters consensus estimate of $0.64 per ($0.27). In the same quarter a year earlier, the company posted EPS of $1.48.

Several equity research analysts have released reports on the stock. Zacks Investment Research moved Guild shares from a “hold” rating to a “buy” rating and set a price target of $15.00 for the stock in a Thursday, January 20 research note. JPMorgan Chase & Co. lowered its price target on Guild shares from $16.50 to $15.50 in a Wednesday, January 19 research report.

Hedge funds have recently changed their positions in the business. BlackRock Inc. purchased a new equity stake in Guild during the third quarter valued at approximately $28,000. Morgan Stanley increased its stake in Guild shares by 304.9% during the third quarter. Morgan Stanley now owns 3,644 shares of the company valued at $50,000 after purchasing an additional 2,744 shares during the period. State Street Corp bought a new equity stake in Guild during the second quarter valued at around $208,000. Renaissance Technologies LLC purchased a new equity stake in Guild during the fourth quarter valued at approximately $314,000. Finally, Geode Capital Management LLC increased its stake in Guild shares by 1.8% in the second quarter. Geode Capital Management LLC now owns 43,341 shares of the company worth $664,000 after purchasing an additional 783 shares in the last quarter. 9.18% of the shares are currently held by hedge funds and other institutional investors.

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The company’s 50-day moving average is $12.94 and its 200-day moving average is $13.81. The company has a market capitalization of $694.83 million, a P/E ratio of 2.12 and a beta of 0.28.

Guild Company Profile (NYSE: GHLD)

Guild Holdings Company, a mortgage company, originates, sells and services residential mortgages in the United States. The company operates approximately 200 branches with licenses in 48 states. It issues residential mortgage loans through retail channels and correspondents. The company was founded in 1960 and is based in San Diego, California.

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