Guild (NYSE:GHLD) Shares Gap Up – Should You Buy?

Shares of Guild Holdings (NYSE:GHLD) gapped up before the market opened on Friday . The stock had previously closed at $13.25, but opened at $13.53. Guild shares last traded at $13.52, with a volume of 720 shares trading hands.

Wall Street Analysts Forecast Growth

GHLD has been the topic of several recent research reports. Wedbush restated an “outperform” rating and issued a $20.00 price target on shares of Guild in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Guild presently has a consensus rating of “Hold” and an average target price of $16.50.

Guild Trading Up 2.0 %

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 firm has a market cap of $836.70 million, a price-to-earnings ratio of -8.72, a PEG ratio of 0.31 and a beta of 1.02. The company has a 50-day moving average price of $14.13 and a 200 day moving average price of $14.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GHLD. Castleview Partners LLC acquired a new stake in shares of Guild during the 3rd quarter valued at $79,000. Renaissance Technologies LLC grew its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares in the last quarter. 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 worth $1,634,000 after purchasing an additional 1,901 shares during the last quarter. Empowered Funds LLC raised its stake in shares of 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 in the last quarter. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Guild during the 2nd quarter valued at about $10,497,000. 17.52% of the stock is owned by hedge funds and other institutional investors.

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.