Frontdoor, Inc. (NASDAQ:FTDR) Position Decreased by Cwm LLC

Cwm LLC reduced its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,003 shares of the company’s stock after selling 400 shares during the quarter. Cwm LLC’s holdings in Frontdoor were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. purchased a new stake in Frontdoor during the third quarter valued at about $1,147,000. Raymond James & Associates raised its stake in Frontdoor by 5.0% during the 3rd quarter. Raymond James & Associates now owns 109,783 shares of the company’s stock valued at $3,358,000 after purchasing an additional 5,233 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Frontdoor by 4.0% in the third quarter. New York State Teachers Retirement System now owns 29,857 shares of the company’s stock valued at $913,000 after purchasing an additional 1,159 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Frontdoor by 82.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,879 shares of the company’s stock worth $1,220,000 after buying an additional 18,022 shares during the period. Finally, Strs Ohio grew its holdings in shares of Frontdoor by 10.6% during the third quarter. Strs Ohio now owns 7,300 shares of the company’s stock valued at $223,000 after buying an additional 700 shares in the last quarter.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their price objective on Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.00.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $36.12 on Thursday. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $38.97. The business has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $32.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.54. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 15.84 and a beta of 0.89.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The company had revenue of $366.00 million for the quarter, compared to analyst estimates of $360.47 million. During the same quarter in the prior year, the business posted $0.13 EPS. Frontdoor’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts predict that Frontdoor, Inc. will post 2.39 earnings per share 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.