State Board of Administration of Florida Retirement System Sells 58,991 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

State Board of Administration of Florida Retirement System decreased its position in Frontdoor, Inc. (NASDAQ:FTDRGet Rating) by 63.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,263 shares of the company’s stock after selling 58,991 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Frontdoor were worth $825,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of Frontdoor by 6.6% in the 1st quarter. Amalgamated Bank now owns 18,316 shares of the company’s stock worth $547,000 after purchasing an additional 1,131 shares during the last quarter. M&T Bank Corp grew its holdings in Frontdoor by 148.4% during the 1st quarter. M&T Bank Corp now owns 87,762 shares of the company’s stock worth $2,620,000 after acquiring an additional 52,430 shares during the last quarter. Paradice Investment Management LLC bought a new stake in Frontdoor during the 1st quarter worth about $38,710,000. Liontrust Investment Partners LLP bought a new stake in Frontdoor during the 2nd quarter worth about $12,855,000. Finally, Reinhart Partners Inc. grew its holdings in Frontdoor by 10.7% during the 2nd quarter. Reinhart Partners Inc. now owns 1,195,579 shares of the company’s stock worth $28,789,000 after acquiring an additional 115,874 shares during the last quarter. Institutional investors own 98.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FTDR shares. William Blair lowered shares of Frontdoor from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. Raymond James lowered shares of Frontdoor from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th.

Frontdoor Stock Performance

Frontdoor stock opened at $23.25 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 12.68. Frontdoor, Inc. has a 1 year low of $19.70 and a 1 year high of $39.01. The company has a market cap of $1.89 billion, a PE ratio of 27.68, a PEG ratio of 1.01 and a beta of 0.60. The company’s 50-day moving average is $21.88 and its two-hundred day moving average is $23.90.

Frontdoor Company Profile

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Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and central heating, ventilation, and air conditioning systems.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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