Guild Holdings (NYSE:GHLD - Get Free Report) shares were down 0.4% during trading on Friday . The company traded as low as $13.69 and last traded at $13.69. Approximately 359 shares traded hands during trading, a decline of 90% from the average daily volume of 3,477 shares. The stock had previously closed at $13.75.
Analysts Set New Price Targets
A number of analysts recently commented on GHLD shares. JPMorgan Chase & Co. dropped their price objective on Guild from $14.50 to $13.00 and set an "underweight" rating for the company in a research report on Monday, December 9th. Wells Fargo & Company lowered their price target on shares of Guild from $17.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. Finally, Wedbush reissued an "outperform" rating and set a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $16.50.
Get Our Latest Report on GHLD
Guild Stock Performance
The stock's 50 day moving average price is $13.88 and its 200 day moving average price is $14.92. 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 has a market cap of $851.55 million, a price-to-earnings ratio of -8.88, a P/E/G ratio of 0.31 and a beta of 1.02.
Hedge Funds Weigh In On Guild
A number of hedge funds have recently made changes to their positions in the stock. Bridges Investment Management Inc. purchased a new position in shares of Guild in the 2nd quarter worth $10,497,000. 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 worth $10,875,000 after purchasing an additional 69,603 shares during the period. Empowered Funds LLC lifted its stake in shares of Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company's stock valued at $4,488,000 after purchasing an additional 13,668 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Guild by 2.0% during the 3rd 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 during the period. Finally, Renaissance Technologies LLC increased its position in Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company's stock worth $410,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 17.52% of the company's stock.
About Guild
(
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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.
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