Guild (NYSE:GHLD) Shares Gap Down – What’s Next?

Guild Holdings (NYSE:GHLD) gapped down before the market opened on Monday . The stock had previously closed at $14.41, but opened at $14.00. Guild shares last traded at $14.00, with a volume of 927 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Guild from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Wedbush lifted their price target on Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company increased their target price on shares of Guild from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Guild currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Guild Trading Down 3.4 %

The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average is $15.84 and its 200-day moving average is $15.07. The stock has a market capitalization of $863.14 million, a price-to-earnings ratio of 33.48, a PEG ratio of 0.25 and a beta of 1.07.

Guild (NYSE:GHLD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.21. The firm had revenue of $285.69 million for the quarter, compared to analysts’ expectations of $257.97 million. Guild had a return on equity of 5.83% and a net margin of 3.28%. Research analysts anticipate that Guild Holdings will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guild

A number of hedge funds have recently made changes to their positions in the stock. Castleview Partners LLC purchased a new stake in Guild during the third quarter worth about $79,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Guild in the first quarter worth $149,000. Renaissance Technologies LLC increased its position in shares of Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after acquiring an additional 2,100 shares during the period. Empowered Funds LLC raised its stake in shares of Guild by 8.2% in the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after acquiring an additional 17,992 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its holdings in Guild by 2.1% in the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after purchasing an additional 9,126 shares during the period. Hedge funds and other institutional investors own 17.52% of the company’s stock.

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.