Guild (NYSE:GHLD) Sees Large Volume Increase - Here's What Happened

Guild Holdings (NYSE:GHLD - Get Free Report) shares saw strong trading volume on Friday . 4,713 shares changed hands during trading, an increase of 0% from the previous session's volume of 4,698 shares.The stock last traded at $12.43 and had previously closed at $12.15.

Analyst Upgrades and Downgrades

GHLD has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on Guild from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. Compass Point boosted their price objective 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. Wedbush reiterated an "outperform" rating and issued a $20.00 target price on shares of Guild in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Guild from $13.00 to $11.50 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. One investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.40.

Guild Trading Up 1.4 %

The firm has a market cap of $768.62 million, a P/E ratio of -8.01, a PEG ratio of 0.27 and a beta of 0.98. The company has a 50 day moving average of $13.02 and a 200 day moving average of $14.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in Guild by 419.9% in the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Bayview Asset Management LLC lifted its position in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock worth $22,517,000 after buying an additional 95,327 shares during the last quarter. Basswood Capital Management L.L.C. boosted its stake 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 acquiring an additional 69,603 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Guild by 5.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock valued at $8,870,000 after acquiring an additional 31,540 shares during the last quarter. Finally, 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 valued at $4,488,000 after acquiring an additional 13,668 shares during the last quarter. Institutional investors and hedge funds 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.