Guild (NYSE:GHLD) Sees Strong Trading Volume – Time to Buy?

Guild Holdings (NYSE:GHLD) saw unusually-high trading volume on Tuesday . Approximately 6,425 shares traded 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.

Analyst Ratings Changes

GHLD has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company cut their price objective 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 target price on shares of Guild in a research report on Thursday, November 7th. Finally, Compass Point lifted their target price on shares of Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.67.

Guild Stock Performance

The firm’s 50 day simple moving average is $13.23 and its 200-day simple moving average is $14.60. The company has a market cap of $793.43 million, a price-to-earnings ratio of -8.27, 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.

Hedge Funds Weigh In On Guild

Institutional investors have recently added to or reduced their stakes in the stock. Castleview Partners LLC acquired a new stake in shares of Guild in the 3rd quarter worth $79,000. Geode Capital Management LLC raised its stake in 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 purchasing an additional 1,901 shares during the period. HighTower Advisors LLC grew its stake in shares of Guild by 419.9% in the 4th 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 period. Empowered Funds LLC increased its holdings in shares of Guild by 5.3% during the 3rd 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 last quarter. Finally, Basswood Capital Management L.L.C. increased its holdings in shares of Guild by 11.9% during the 3rd 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 last quarter. Hedge funds and other institutional investors 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.