Guild (NYSE:GHLD) Sees Large Volume Increase – Still a Buy?

Shares of Guild Holdings (NYSE:GHLD) saw unusually-strong trading volume on Wednesday . Approximately 20,949 shares were traded during trading, an increase of 338% from the previous session’s volume of 4,783 shares.The stock last traded at $13.25 and had previously closed at $13.61.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Finally, Wedbush reissued an “outperform” rating and issued a $20.00 target price on shares of Guild in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Guild currently has an average rating of “Hold” and an average target price of $16.50.

Guild Trading Down 7.8 %

The firm has a market cap of $764.29 million, a P/E ratio of -7.97, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $13.83 and its two-hundred day moving average price is $14.88.

Institutional Investors Weigh In On Guild

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bridges Investment Management Inc. bought a new position in Guild in the 2nd quarter worth approximately $10,497,000. Geode Capital Management LLC increased its stake in shares of 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. Empowered Funds LLC raised its position in shares of 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 acquiring an additional 13,668 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of Guild during the third quarter valued at $79,000. Finally, Renaissance Technologies LLC boosted its holdings 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 last quarter. 17.52% of the stock is 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.