Guild (NYSE:GHLD) Reaches New 1-Year Low – What’s Next?

Guild Holdings (NYSE:GHLD)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $12.56 and last traded at $12.56, with a volume of 628 shares trading hands. The stock had previously closed at $13.40.

Analyst Ratings Changes

GHLD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Wells Fargo & Company decreased their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.50.

Guild Price Performance

The stock has a market cap of $755.01 million, a P/E ratio of -7.87, a PEG ratio of 0.32 and a beta of 1.00. 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 business’s fifty day moving average price is $13.83 and its 200 day moving average price is $14.88.

Institutional Investors Weigh In On Guild

Institutional investors have recently added to or reduced their stakes in the business. Bridges Investment Management Inc. acquired a new position in Guild during the 2nd quarter worth about $10,497,000. Geode Capital Management LLC raised its position in shares of Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares during the last quarter. Empowered Funds LLC raised its position in shares of Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after acquiring an additional 13,668 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of Guild in the 3rd quarter worth approximately $79,000. Finally, Renaissance Technologies LLC boosted its stake 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. 17.52% of the stock is owned by 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.