Guild (NYSE:GHLD) Sees Strong Trading Volume - Still a Buy?

Shares of Guild Holdings Company (NYSE:GHLD - Get Free Report) saw an uptick in trading volume on Tuesday . 137,751 shares traded hands during trading, an increase of 403% from the previous session's volume of 27,397 shares.The stock last traded at $19.86 and had previously closed at $19.84.

Analyst Ratings Changes

Several research firms have weighed in on GHLD. Citigroup reaffirmed an "outperform" rating on shares of Guild in a research report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on Guild from $12.50 to $20.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen raised Guild to a "hold" rating in a research report on Thursday, May 22nd. Jefferies Financial Group cut Guild from a "buy" rating to a "hold" rating and lifted their price objective for the company from $16.00 to $20.00 in a research report on Tuesday. Finally, Citizens Jmp lowered shares of Guild from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 19th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Guild has a consensus rating of "Hold" and a consensus price target of $18.42.

Guild Price Performance

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.24 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The stock's 50-day moving average is $17.32 and its two-hundred day moving average is $14.53.

Hedge Funds Weigh In On Guild

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Adage Capital Partners GP L.L.C. lifted its stake in shares of Guild by 4.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company's stock worth $10,054,000 after buying an additional 28,482 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of Guild by 10.5% during the first quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company's stock worth $5,828,000 after buying an additional 36,183 shares during the period. Millennium Management LLC lifted its stake in shares of Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after buying an additional 2,421 shares during the period. Citadel Advisors LLC lifted its stake in shares of Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after buying an additional 6,134 shares during the period. Finally, Bayview Asset Management LLC lifted its stake in shares of Guild by 6.4% during the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock worth $22,517,000 after buying an additional 95,327 shares during the period. 17.52% of the stock is currently owned by 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.