Guild (NYSE:GHLD) Sees Strong Trading Volume – What’s Next?

Guild Holdings (NYSE:GHLD) shares saw unusually-strong trading volume on Tuesday . Approximately 6,425 shares changed hands during trading, a decline of 24% from the previous session’s volume of 8,441 shares.The stock last traded at $12.50 and had previously closed at $12.70.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in 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 Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Wedbush reissued an “outperform” rating and set a $20.00 target price on shares of Guild in a research note on Thursday, November 7th. Finally, Compass Point increased their price target on Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Guild Stock Performance

The firm has a 50 day moving average of $13.23 and a two-hundred day moving average of $14.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market cap of $793.43 million, a PE ratio of -8.27, a PEG ratio of 0.26 and a beta of 0.98.

Institutional Trading of Guild

Hedge funds and other institutional investors have recently made changes to their positions in the company. Castleview Partners LLC purchased a new position in Guild during the 3rd quarter worth approximately $79,000. Geode Capital Management LLC boosted its stake in Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after purchasing an additional 1,901 shares during the period. HighTower Advisors LLC grew its position in Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after purchasing an additional 101,209 shares during 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 purchasing an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. grew its stake in shares of Guild by 11.9% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares during the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.