Guild (NYSE:GHLD) Trading Up 10.7% – Here’s What Happened

Guild Holdings (NYSE:GHLD) shares traded up 10.7% on Wednesday . The company traded as high as $13.15 and last traded at $13.45. 6,768 shares changed hands during trading, a decline of 42% from the average session volume of 11,590 shares. The stock had previously closed at $12.15.

Analysts Set New Price Targets

Several research firms have recently issued reports on GHLD. JPMorgan Chase & Co. dropped their price target 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. Compass Point lifted their target price on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Wedbush reissued an “outperform” rating and issued a $20.00 price target on shares of Guild in a research note on Thursday, November 7th. Finally, Wells Fargo & Company cut their price objective 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Guild has an average rating of “Hold” and an average target price of $16.40.

Guild Price Performance

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 business has a 50 day moving average price of $12.86 and a 200-day moving average price of $14.32. The company has a market capitalization of $838.18 million, a price-to-earnings ratio of -8.74, a P/E/G ratio of 0.27 and a beta of 0.98.

Hedge Funds Weigh In On Guild

A number of institutional investors and hedge funds have recently modified their holdings of GHLD. Millennium Management LLC boosted its stake in Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock worth $218,000 after acquiring an additional 2,421 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after purchasing an additional 6,134 shares during the period. Northern Trust Corp boosted its position in shares of Guild by 8.3% during the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after purchasing an additional 1,709 shares in the last quarter. Geode Capital Management LLC boosted its position 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 in the last quarter. Finally, HighTower Advisors LLC increased its position in Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after buying an additional 101,209 shares in the last quarter. 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.