Guild (NYSE:GHLD) Sees Large Volume Increase – Time to Buy?

Guild Holdings (NYSE:GHLD) shares saw an uptick in trading volume on Monday . 11,880 shares traded hands during trading, a decline of 7% from the previous session’s volume of 12,809 shares.The stock last traded at $13.75 and had previously closed at $13.65.

Analysts Set New Price Targets

GHLD has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Guild presently has a consensus rating of “Hold” and an average target price of $16.80.

Guild Price Performance

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 stock has a 50 day moving average price of $15.15 and a 200 day moving average price of $15.10.

Institutional Investors Weigh In On Guild

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Guild by 2.0% in 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 period. Basswood Capital Management L.L.C. increased its holdings in Guild by 11.9% in 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 purchasing an additional 69,603 shares during the period. Empowered Funds LLC raised its position in Guild by 5.3% during the 3rd 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. Castleview Partners LLC acquired a new position in Guild during the 3rd quarter worth about $79,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of Guild in the 2nd quarter valued at about $10,497,000. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.