Guild (NYSE:GHLD) Sees Strong Trading Volume – Should You Buy?

Shares of Guild Holdings (NYSE:GHLD) saw an uptick in trading volume on Friday . 4,713 shares were traded during trading, an increase of 0% from the previous session’s volume of 4,698 shares.The stock last traded at $12.43 and had previously closed at $12.15.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GHLD. 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 report on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $20.00 price target on shares of Guild in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Compass Point increased their price target on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.40.

Guild Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market capitalization of $765.89 million, a PE ratio of -7.98, a PEG ratio of 0.27 and a beta of 0.98. The business has a 50 day moving average of $13.05 and a two-hundred day moving average of $14.49.

Institutional Investors Weigh In On Guild

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GHLD. Millennium Management LLC raised its stake in Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after buying an additional 2,421 shares during the last quarter. Citadel Advisors LLC raised its stake in Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after buying an additional 6,134 shares during the last quarter. Northern Trust Corp raised its stake in Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after buying an additional 1,709 shares during the last quarter. Geode Capital Management LLC raised its stake in Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after buying an additional 1,901 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Guild by 419.9% in the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after buying an additional 101,209 shares during the last quarter. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

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.