Guild (NYSE:GHLD) Sees Strong Trading Volume – Should You Buy?

Shares of Guild Holdings (NYSE:GHLD) saw an uptick in trading volume on Wednesday . 20,949 shares traded hands 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.

Analysts Set New Price Targets

GHLD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Wedbush reissued an “outperform” rating and issued a $20.00 target price on shares of Guild in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

Guild Price Performance

The firm’s 50-day moving average is $13.87 and its 200-day moving average is $14.90. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The company has a market cap of $829.27 million, a PE ratio of -8.65, a PEG ratio of 0.32 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Castleview Partners LLC purchased a new position in shares of Guild in the 3rd quarter worth about $79,000. Renaissance Technologies LLC raised its holdings in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after buying an additional 2,100 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after buying an additional 1,901 shares in the last quarter. Empowered Funds LLC increased 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 valued at $4,488,000 after acquiring an additional 13,668 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new position in Guild in the 2nd quarter worth approximately $10,497,000. 17.52% of the stock is currently owned by institutional investors.

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.