Guild (NYSE:GHLD) Shares Gap Down - Should You Sell?

Shares of Guild Holdings (NYSE:GHLD - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $12.44, but opened at $11.21. Guild shares last traded at $12.30, with a volume of 7,029 shares changing hands.

Analysts Set New Price Targets

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

Guild Stock Performance

The firm has a market cap of $792.14 million, a price-to-earnings ratio of -8.26, a PEG ratio of 0.32 and a beta of 1.00. 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 50 day moving average of $13.80 and a 200 day moving average of $14.86.

Institutional Trading of Guild

A number of hedge funds have recently made changes to their positions in GHLD. Geode Capital Management LLC boosted its stake in Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company's stock valued at $1,634,000 after acquiring an additional 1,901 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company's stock worth $410,000 after purchasing an additional 2,100 shares during the last quarter. Castleview Partners LLC acquired a new position in Guild in the third quarter worth about $79,000. Empowered Funds LLC increased its holdings in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company's stock valued at $4,488,000 after buying an additional 13,668 shares during the last quarter. Finally, Basswood Capital Management L.L.C. raised its stake 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 buying an additional 69,603 shares in 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.