Louisiana State Employees Retirement System acquired a new position in Frontdoor, Inc. (NASDAQ:FTDR – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 39,800 shares of the company’s stock, valued at approximately $1,402,000.
Several other hedge funds and other institutional investors also recently modified their holdings of FTDR. Quarry LP boosted its holdings in shares of Frontdoor by 340.9% during the first quarter. Quarry LP now owns 1,067 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Frontdoor during the fourth quarter valued at $49,000. Tower Research Capital LLC TRC boosted its holdings in shares of Frontdoor by 44.1% during the first quarter. Tower Research Capital LLC TRC now owns 2,420 shares of the company’s stock valued at $67,000 after acquiring an additional 741 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Frontdoor during the third quarter valued at $88,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Frontdoor during the third quarter valued at about $93,000.
Frontdoor Price Performance
Shares of NASDAQ FTDR opened at $30.47 on Monday. Frontdoor, Inc. has a fifty-two week low of $26.09 and a fifty-two week high of $38.97. The firm’s 50-day simple moving average is $31.54 and its 200 day simple moving average is $32.72. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. The stock has a market cap of $2.38 billion, a P/E ratio of 14.37 and a beta of 0.89.
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 note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.40.
View Our Latest Research Report on FTDR
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.
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