Guild (NYSE:GHLD) Shares Down 0.4% – Here’s What Happened

Shares of Guild Holdings (NYSE:GHLD) traded down 0.4% during trading on Friday . The stock traded as low as $13.69 and last traded at $13.69. 359 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 3,477 shares. The stock had previously closed at $13.75.

Analyst Upgrades and Downgrades

Several research firms recently commented on GHLD. JPMorgan Chase & Co. dropped their price target on shares of Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Wedbush reiterated an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. Finally, Wells Fargo & Company dropped 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. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Guild has a consensus rating of “Hold” and an average target price of $16.50.

Guild Stock Performance

The company’s 50-day simple moving average is $13.88 and its 200-day simple moving average is $14.92. The stock has a market cap of $850.93 million, a price-to-earnings ratio of -8.87, a price-to-earnings-growth ratio of 0.31 and a beta of 1.02. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92.

Hedge Funds Weigh In On Guild

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Guild by 2.0% in the third 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. Basswood Capital Management L.L.C. lifted its position in shares of 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 buying an additional 69,603 shares during the last quarter. Empowered Funds LLC raised its holdings in 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 acquiring an additional 13,668 shares during the period. Castleview Partners LLC acquired a new position in Guild in the third quarter valued at about $79,000. Finally, Bridges Investment Management Inc. acquired a new position in Guild in the 2nd quarter worth about $10,497,000. Institutional investors own 17.52% of the company’s stock.

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.