Guild's (GHLD) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Guild Holdings' stock rating has been reaffirmed as "hold (c)" by Weiss Ratings, amidst a trend of similar ratings from other analysts.
• The average target price for Guild's stock is currently $18.42, with a consensus rating reflecting two buy ratings and eight hold ratings.
• Recent institutional investments indicate a growing interest in Guild, with significant new positions taken by multiple hedge funds during the second quarter.

Guild (NYSE:GHLD - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group cut Guild from a "buy" rating to a "hold" rating and increased their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, July 22nd. Citizens Jmp lowered Guild from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 19th. Compass Point lowered Guild from a "strong-buy" rating to a "hold" rating and lifted their target price for the company from $19.00 to $20.00 in a research report on Wednesday, June 18th. JMP Securities reaffirmed a "market perform" rating on shares of Guild in a research report on Friday, June 20th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Guild in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.42.

Guild Price Performance

Guild stock opened at $19.95 on Wednesday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 51.14, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93. The firm has a 50-day moving average of $19.94 and a two-hundred day moving average of $17.14. Guild has a 1 year low of $11.21 and a 1 year high of $23.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.05 and a quick ratio of 0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC purchased a new position in Guild during the 2nd quarter worth $65,000. Millennium Management LLC grew 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 buying an additional 2,421 shares during the last quarter. SG Americas Securities LLC purchased a new position in Guild during the 2nd quarter worth $482,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Guild during the 2nd quarter worth $876,000. Finally, Alberta Investment Management Corp purchased a new position in Guild during the 2nd quarter worth $1,020,000. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

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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