Guild (NYSE:GHLD) Shares Gap Up – What’s Next?

Guild Holdings (NYSE:GHLD) gapped up prior to trading on Wednesday . The stock had previously closed at $12.11, but opened at $12.74. Guild shares last traded at $12.64, with a volume of 1,576 shares.

Analyst Upgrades and Downgrades

GHLD has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Compass Point upped their price target on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 target price on shares of Guild in a research note on Thursday, November 7th. One equities research 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, Guild currently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Stock Performance

The company has a market capitalization of $779.81 million, a PE ratio of -8.13, 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 company has a 50 day moving average price of $13.27 and a 200 day moving average price of $14.62.

Institutional Investors Weigh In On Guild

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares in the last quarter. Castleview Partners LLC acquired a new stake in shares of Guild during the 3rd quarter valued at approximately $79,000. Empowered Funds LLC increased its position in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after buying an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. increased its position in Guild by 11.9% in the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after buying an additional 69,603 shares during the period. 17.52% of the stock is owned by institutional investors and hedge funds.

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.