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

Guild Holdings (NYSE:GHLD) shares saw an uptick in trading volume on Wednesday . 43,005 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 14,401 shares.The stock last traded at $12.73 and had previously closed at $12.72.

Analysts Set New Price Targets

A number of research analysts have weighed in on GHLD shares. Wells Fargo & Company cut their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $20.00 target price on shares of Guild in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Guild has a consensus rating of “Hold” and an average target price of $16.20.

Guild Trading Up 0.5 %

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 firm has a market cap of $795.84 million, a P/E ratio of -8.30, a PEG ratio of 0.25 and a beta of 1.00. The company’s 50 day moving average is $13.67 and its two-hundred day moving average is $14.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GHLD. Geode Capital Management LLC increased its holdings in Guild by 2.0% in the 3rd 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 period. Renaissance Technologies LLC increased its stake in Guild by 8.2% in the second 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 during the period. Castleview Partners LLC acquired a new position in Guild in the third quarter worth about $79,000. Empowered Funds LLC lifted its stake in 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 purchasing an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. boosted its holdings in Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.