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

Guild Holdings (NYSE:GHLD) gapped up prior to trading on Wednesday . The stock had previously closed at $12.11, but opened at $12.74. Guild shares last traded at $12.64, with a volume of 1,576 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. Wells Fargo & Company cut 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. Compass Point lifted their price objective on shares of Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Guild Trading Up 1.0 %

The business has a fifty day moving average of $13.27 and a 200-day moving average of $14.62. The stock has a market capitalization of $779.81 million, a price-to-earnings ratio of -8.13, a price-to-earnings-growth ratio of 0.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GHLD. HighTower Advisors LLC increased its stake in Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Geode Capital Management LLC increased its stake in Guild by 2.0% in 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. Basswood Capital Management L.L.C. grew its stake in Guild by 11.9% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after acquiring an additional 69,603 shares in the last quarter. Empowered Funds LLC grew its stake in Guild by 5.3% during 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 in the last quarter. Finally, Castleview Partners LLC purchased a new position in Guild during the 3rd quarter valued at about $79,000. 17.52% of the stock is 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.