Guild (NYSE:GHLD) Sees Unusually-High Trading Volume – What’s Next?

Guild Holdings (NYSE:GHLD) shares saw unusually-high trading volume on Wednesday . Approximately 43,005 shares were traded during 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GHLD shares. Wells Fargo & Company reduced their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 price objective 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 three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.20.

Guild Price Performance

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 stock has a market cap of $795.84 million, a PE ratio of -8.30, a PEG ratio of 0.25 and a beta of 1.00. The stock has a 50 day moving average of $13.67 and a two-hundred day moving average of $14.80.

Institutional Trading of Guild

Hedge funds and other institutional investors have recently modified their holdings of the company. Bridges Investment Management Inc. bought a new stake in Guild in the second quarter worth approximately $10,497,000. Geode Capital Management LLC raised its holdings in Guild by 2.0% during the third 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 in the last quarter. Empowered Funds LLC lifted its position in shares of 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 last quarter. Castleview Partners LLC bought a new stake in shares of Guild during the 3rd quarter worth about $79,000. Finally, Renaissance Technologies LLC increased its holdings 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 during the last quarter. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

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.