Guild (NYSE:GHLD) Sees Large Volume Increase – Here’s Why

Shares of Guild Holdings (NYSE:GHLD) saw unusually-strong trading volume on Wednesday . Approximately 20,949 shares changed hands during trading, an increase of 338% from the previous session’s volume of 4,783 shares.The stock last traded at $13.25 and had previously closed at $13.61.

Analyst Ratings Changes

GHLD has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Guild in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.50.

Guild Stock Performance

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 $829.27 million, a PE ratio of -8.65, a PEG ratio of 0.32 and a beta of 1.00. The business’s 50 day moving average is $13.87 and its two-hundred day moving average is $14.90.

Hedge Funds Weigh In On Guild

Several institutional investors have recently bought and sold shares of GHLD. Castleview Partners LLC bought a new position in Guild during the third quarter valued at approximately $79,000. Renaissance Technologies LLC boosted its position in shares of Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,901 shares in the last quarter. Empowered Funds LLC increased its position in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in Guild in the second quarter worth $10,497,000. 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.