Guild (NYSE:GHLD) Sees Unusually-High Trading Volume - Time to Buy?

Guild Holdings Company (NYSE:GHLD - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 43,833 shares were traded during trading, an increase of 111% from the previous session's volume of 20,765 shares.The stock last traded at $19.74 and had previously closed at $19.72.

Analyst Ratings Changes

Several brokerages recently weighed in on GHLD. Citigroup restated an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. Wall Street Zen raised Guild to a "hold" rating in a report on Thursday, May 22nd. Compass Point downgraded Guild from a "strong-buy" rating to a "hold" rating and upped their target price for the stock from $19.00 to $20.00 in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upgraded Guild from an "underweight" rating to a "neutral" rating and decreased their target price for the company from $12.50 to $12.00 in a research report on Tuesday, April 8th. Finally, Citizens Jmp cut shares of Guild from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 19th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $16.50.

Guild Trading Up 0.1%

The company has a fifty day moving average of $14.28 and a 200-day moving average of $13.62. 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 $1.23 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.12 and a beta of 0.81.

Hedge Funds Weigh In On Guild

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. increased its position 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 purchasing an additional 28,482 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Guild by 10.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company's stock worth $5,828,000 after purchasing an additional 36,183 shares during the last quarter. Millennium Management LLC boosted its stake 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 during the last quarter. Citadel Advisors LLC grew its holdings 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 in the last quarter. Finally, Bayview Asset Management LLC raised its position in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock valued at $22,517,000 after buying an additional 95,327 shares during the last quarter. Hedge funds and other 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.