Guild (NYSE:GHLD) Sees Strong Trading Volume - Here's Why

Guild Holdings (NYSE:GHLD - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 37,438 shares changed hands during trading, an increase of 186% from the previous session's volume of 13,070 shares.The stock last traded at $14.60 and had previously closed at $14.77.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GHLD shares. Wall Street Zen raised Guild to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of Guild from an "underweight" rating to a "neutral" rating and reduced their target price for the stock from $12.50 to $12.00 in a research report on Tuesday, April 8th. JMP Securities set a $15.50 price target on shares of Guild and gave the stock a "market outperform" rating in a research note on Tuesday, May 27th. Finally, Citigroup reissued an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Guild presently has a consensus rating of "Moderate Buy" and an average target price of $16.30.

Guild Stock Performance

The firm has a market capitalization of $899.25 million, a P/E ratio of -9.33, a price-to-earnings-growth ratio of 0.27 and a beta of 0.81. The business's 50 day simple moving average is $13.36 and its two-hundred day simple moving average is $13.28. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92.

Institutional Trading of Guild

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after purchasing an additional 2,421 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Guild by 57.5% in the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after purchasing an additional 6,134 shares during the period. Northern Trust Corp boosted its holdings in shares of Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company's stock worth $316,000 after buying an additional 1,709 shares during the last quarter. HighTower Advisors LLC grew its position in Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after buying an additional 101,209 shares during the period. Finally, Donald Smith & CO. Inc. increased its holdings in Guild by 0.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company's stock valued at $4,864,000 after buying an additional 1,535 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.