Guild (NYSE:GHLD) Shares Gap Up – Here’s What Happened

Shares of Guild Holdings (NYSE:GHLD) gapped up prior to trading on Tuesday . The stock had previously closed at $12.23, but opened at $12.61. Guild shares last traded at $12.37, with a volume of 2,302 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GHLD. JPMorgan Chase & Co. lowered their price objective on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Wedbush reaffirmed 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 dropped their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Finally, Compass Point lifted their price objective on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.40.

Guild Trading Up 0.3 %

The company has a market capitalization of $759.34 million, a P/E ratio of -7.92, a PEG ratio of 0.27 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. The business’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $14.34.

Institutional Investors Weigh In On Guild

A number of hedge funds and other institutional investors have recently made changes to their positions in GHLD. Millennium Management LLC increased its holdings in Guild by 18.6% during the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock worth $218,000 after purchasing an additional 2,421 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Guild by 57.5% in the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after purchasing an additional 6,134 shares during the period. Northern Trust Corp lifted its stake in Guild by 8.3% in the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after purchasing an additional 1,709 shares during the last quarter. Geode Capital Management LLC grew its holdings in Guild by 2.0% during 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. Finally, HighTower Advisors LLC increased its position in Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after buying an additional 101,209 shares during the last quarter. 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.