Edgestream Partners L.P. Has $1.10 Million Holdings in Frontdoor Inc. $FTDR

Edgestream Partners L.P. cut its position in Frontdoor Inc. (NASDAQ:FTDR) by 64.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,693 shares of the company’s stock after selling 33,986 shares during the quarter. Edgestream Partners L.P.’s holdings in Frontdoor were worth $1,102,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Frontdoor by 322.1% in the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after acquiring an additional 393 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontdoor in the 1st quarter valued at about $42,000. Elevation Point Wealth Partners LLC acquired a new stake in Frontdoor in the 2nd quarter valued at about $72,000. Huntington National Bank grew its holdings in Frontdoor by 56.0% during the second quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after purchasing an additional 532 shares during the period. Finally, US Bancorp DE increased its position in Frontdoor by 22.5% during the first quarter. US Bancorp DE now owns 3,008 shares of the company’s stock worth $116,000 after buying an additional 553 shares during the last quarter.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $53.07 on Friday. The firm has a market cap of $3.83 billion, a P/E ratio of 15.12 and a beta of 1.32. The business’s 50 day moving average is $59.91 and its 200-day moving average is $59.55. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $70.14.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $610.77 million. During the same period in the prior year, the firm posted $1.38 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of recent analyst reports. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday. Finally, Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.75.

Frontdoor Profile

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.