Arizona State Retirement System Sells 811 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Arizona State Retirement System decreased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 3.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,459 shares of the company’s stock after selling 811 shares during the period. Arizona State Retirement System’s holdings in Frontdoor were worth $791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTDR. Quarry LP raised its holdings in shares of Frontdoor by 340.9% in the 1st quarter. Quarry LP now owns 1,067 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Frontdoor in the 4th quarter valued at about $49,000. Tower Research Capital LLC TRC raised its holdings in shares of Frontdoor by 44.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,420 shares of the company’s stock valued at $67,000 after purchasing an additional 741 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Frontdoor in the 3rd quarter valued at about $88,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Frontdoor in the 3rd quarter valued at about $93,000.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price objective on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.40.

Frontdoor Stock Down 1.2 %

Shares of Frontdoor stock opened at $29.59 on Thursday. The firm’s 50 day moving average price is $31.64 and its 200-day moving average price is $32.69. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. Frontdoor, Inc. has a 52-week low of $26.09 and a 52-week high of $38.97. The company has a market cap of $2.31 billion, a P/E ratio of 13.96 and a beta of 0.89.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.18. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $360.47 million. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. Frontdoor’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, sell-side analysts predict that Frontdoor, Inc. will post 2.35 EPS for the current fiscal year.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers 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 heating, ventilation, and air conditioning systems.