Guild (NYSE:GHLD) Sees Large Volume Increase – What’s Next?

Guild Holdings (NYSE:GHLD) shares saw unusually-strong trading volume on Friday . Approximately 4,713 shares changed hands 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.

Analysts Set New Price Targets

GHLD has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company dropped their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. Finally, Compass Point raised their price target on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Stock Up 0.1 %

The company has a market cap of $770.53 million, a PE ratio of -8.03, a PEG ratio of 0.26 and a beta of 0.98. 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 firm has a fifty day simple moving average of $13.07 and a 200 day simple moving average of $14.50.

Hedge Funds Weigh In On Guild

A number of hedge funds have recently made changes to their positions in GHLD. Millennium Management LLC raised its holdings in shares of Guild by 18.6% in the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock worth $218,000 after purchasing an additional 2,421 shares during the period. Citadel Advisors LLC increased its position in Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after purchasing an additional 6,134 shares in the last quarter. Bayview Asset Management LLC raised its holdings in Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock valued at $22,517,000 after buying an additional 95,327 shares during the period. Basswood Capital Management L.L.C. lifted its position in Guild by 3.2% during the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company’s stock valued at $9,521,000 after buying an additional 20,848 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Guild by 8.3% during the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after buying an additional 1,709 shares during the period. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.