Guild (NYSE:GHLD) Trading 7.8% Higher - Should You Buy?

Guild Holdings (NYSE:GHLD - Get Free Report)'s share price traded up 7.8% during mid-day trading on Wednesday . The stock traded as high as $14.10 and last traded at $14.10. 4,228 shares traded hands during trading, a decline of 68% from the average session volume of 13,228 shares. The stock had previously closed at $13.08.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Guild to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded 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 report on Tuesday, April 8th. Citigroup restated an "outperform" rating on shares of Guild in a report on Tuesday, May 27th. Finally, JMP Securities set a $15.50 target price on Guild and gave the stock a "market outperform" rating in a report on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.30.

Guild Trading Up 1.0%

The company has a fifty day moving average of $13.37 and a two-hundred day moving average of $13.27. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $889.91 million, a price-to-earnings ratio of -9.23, a price-to-earnings-growth ratio of 0.27 and a beta of 0.81.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GHLD. HighTower Advisors LLC lifted its holdings in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after buying an additional 101,209 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Guild by 0.4% during the fourth 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 last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Guild by 5.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after buying an additional 31,540 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Guild by 8.3% during 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. Finally, Basswood Capital Management L.L.C. lifted its holdings in shares of Guild by 3.2% during the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after buying an additional 20,848 shares during the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.