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

Shares of Guild Holdings Company (NYSE:GHLD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 137,751 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GHLD. Wall Street Zen raised shares of Guild to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Guild from $12.50 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Compass Point cut shares of Guild from a "strong-buy" rating to a "hold" rating and raised their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, June 18th. Jefferies Financial Group downgraded Guild from a "buy" rating to a "hold" rating and raised their price target for the company from $16.00 to $20.00 in a report on Tuesday. Finally, Citigroup restated an "outperform" rating on shares of Guild in a research report on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $18.42.

Guild Price Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company's fifty day moving average is $16.61 and its two-hundred day moving average is $14.34.

Institutional Trading of Guild

A number of institutional investors have recently bought and sold shares of GHLD. Millennium Management LLC increased its position in shares of 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 increased its position in 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 acquiring an additional 6,134 shares in the last quarter. Northern Trust Corp increased its position 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 acquiring an additional 1,709 shares in the last quarter. HighTower Advisors LLC increased its position in Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after acquiring an additional 101,209 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its position in shares of Guild by 0.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company's stock worth $4,864,000 after buying an additional 1,535 shares during the period. Institutional investors and hedge funds own 17.52% of the company's stock.

About Guild

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.

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