Guild (NYSE:GHLD) Shares Gap Up - Here's What Happened

Shares of Guild Holdings (NYSE:GHLD - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $12.11, but opened at $12.74. Guild shares last traded at $12.64, with a volume of 1,576 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Guild from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of Guild from $13.00 to $11.50 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Wedbush restated an "outperform" rating and set a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. Finally, Compass Point boosted their target price on shares of Guild from $16.00 to $19.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.67.

Guild Stock Up 1.0 %

The business has a 50-day moving average of $13.25 and a 200-day moving average of $14.61. 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 capitalization of $779.81 million, a price-to-earnings ratio of -8.13, a P/E/G ratio of 0.26 and a beta of 0.98.

Institutional Investors Weigh In On Guild

A number of institutional investors and hedge funds have recently made changes to their positions in GHLD. Castleview Partners LLC purchased a new position in shares of Guild during the 3rd quarter worth approximately $79,000. Geode Capital Management LLC lifted its stake in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company's stock worth $1,634,000 after purchasing an additional 1,901 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after buying an additional 101,209 shares during the period. Empowered Funds LLC grew its stake in shares of 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 in the last quarter. Finally, Basswood Capital Management L.L.C. raised its holdings in shares of Guild by 11.9% in the 3rd 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 during the period. 17.52% of the stock is 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.